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Jubilee products to ‘mirror’ Keydata plans

Jubilee Financial Products (JFP) is launching a range of funds designed to mirror those offered by Keydata a structured product provider that went into administration last week.

The firm says it is responding to calls from advisers whose clients had wanted to invest in Keydatas products before the business folded.

JFPs range will have the same income and growth targets, the same degree of credit risk, and the same fees and commission.

Ian Millward, the firms head of distribution, says the replacement vehicles will help support the structured product market at a difficult time. The products will close for subscription on August 7.

JFP also has plans to launch several new funds over the coming months, including a balanced portfolio fund of funds and a hedge fund range.

Related Articles:
Jubilee keen on Keydata
Keydata goes into administration

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