View more on these topics

JP Morgan Fleming plans October launch for guaranteed fund of funds

JP Morgan Fleming has confirmed it is introducing a guaranteed

fund-of-funds product in October, investing in a selection of its own funds.

The product, revealed in Money Marketing last month, will aim to achieve

growth over five years while providing a 100 per cent capital guarantee.

The closed-end fund will invest in a basket of JPMF funds, with 30 per

cent in fixed interest and 70 per cent in equities. It will be allocated

according to global market weightings.

As well as returning 100 per cent of capital, the fund will aim to offer

80 per cent participation in the performance of the underlying funds. But

this could be subject to change during the offer period between mid-October

and mid-November.

The starting price will be a six-month average of the prices of the

underlying funds, while the end price will be an average over the final 12


Investors will have the option to exit the fund quarterly although they

will be subject to an exit fee to cover costs.

The fund will have no initial or annual charges but IFAs can take upfront

commission of 3.5 per cent or lower initial of 1 per cent with 0.5 per cent


The fund is still subject to final regulatory approval.

Head of IFA & third-party distribution Barry Richards says: “We know

people are scared of losing their capital so we wanted to give them an



NDF Administration – Income Plan

Type: Guaranteed Income Bond. Minimum-maximum investment: Lump sum £10,000-£1m. Term: Six years and two months. Return: 6 per cent income in first year, thereafter income is linked to the dividends paid by the FTSE 100. Guarantee: 100 per cent capital return. Commission: Initial 3 per cent. Tel: 01727 734315. Flexibility 4.3 Company&#39s reputation 6.3 Past […]

Coventry revamps fixed-rate loans

Coventry Building Society is overhauling its range of fixed-ratemortgages. For customers borrowing up to 75 per cent loan to value, thereare loans fixed at 5.25 per cent until 2004 or at 5.65 per cent until 2007.For those borrowing up to 95 per cent LTV, loans are fixed at 5.35 per centuntil 2004 or at 5.85 […]

Public face postcode lottery on protection

Group critical-illness and inc-ome protection policyholders face apostcode lottery on the cost of premiums, according to research from theOffice for National Statistics charting disease patterns in various regionsof the UK. The ONS figures reveal higher levels of heart disease in South Wales,Scotland, Tyneside and Northern Ireland which could lead to higher premiumsfor group schemes based […]

Global Investment Advisors – GAIM Hedge Fund

Thursday, 30 August 2001.Type: Tracker hedge fund.Aim: Growth by investing in up to 20 hedge funds in four main startegies – macro, market neutral, long short equities and event driven. Minimum investment: US$10,000, Euros 10,000.Place of registration: Dublin.Investment split: Macro 25 per cent, market neutral 25 per cent, long short equities 25 per cent, event […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm