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PanEuroLife takes mature approach

Luxemburg-based company PanEuroLife aims to establish itself in the UK IFA market with the sterling guaranteed 5-year maturity fund. This unit-linked fund is available only through its pharos and pelf+ investment bonds.

The fund will invest in a portfolio of bonds and short-term deposits. This will equate to 20 per cent in government bonds, 75 per cent in corporate bonds with a minimum rating of AA and 5 per cent in cash deposits. The portfolio will be managed by Gartmore on PanEuroLife’s behalf.

It was designed to appeal to cautious investors who are currently being bombarded with guaranteed products that are linked to stockmarket indices and baskets of stocks, but which may not have absolute capital guarantees.

Investors with between £5,000 and £250,000 are guaranteed a return of 5.5 per cent a year with this fund, which is taken as growth at the end of the five-year term. They will also get their original capital back in full.

The fund could be of interest to more cautious investors who need capital security and who do not want to dip their toes back into volatile equity waters. It could also appeal to investors who want a less risky investment within their pharos and pelf+ portfolios.

However, the difficulty this fund faces is being able to produce a yield of at least 5.5 per cent a year while excluding lower-rated bonds which have higher yields. Similarly, it would be difficult to maintain the target yield if some of the bonds chosen by Gartmore are later downgraded.


Homeowners Investment Fund Managers – Homeowners Equity Isa

Friday, August 16, 2002Type: Oeic maxi IsaAim: Growth by investing in the Homeowners investment growthfundMinimum investment: Lump sum £500, monthly £30Maximum investment: Lump sum £7,000Catmarked: YesInvestment choice: 100% in Homeowners investment growthfundCharges: Annual 1%Commission: NoneTel: 0800 0286248

CMI to run investment seminars

Clerical Medical International is running a series of seminars for IFAs aimed at providing advice and assistance in dealing with wealthy clients.The life office says its roadshows highlight a significant business opportunity for IFAs because of the increasing number of UK millionaires each year.Speakers at the events include experts in financial planning and investment from […]

Mini ha ha

The leading internet site for personal finance journalists recently ran a competition, sponsored by Scottish Widows, offering users of the site the chance to win a Mini.The draw was won by former Money Marketing reporter Nic Cicutti who now works for the Financial Times, news sure to be welcomed by IFAs everywhere.Cicutti is pictured […]

Homeowners tempts investors back to equities

Homeowners Investment Fund Management, part of Homeowners Friendly Society, has created the Homeowners equity Isa to tempt investors back to the UK stockmarket.This Isa is a tax wrapper around the Homeowners Investment growth fund, which is a tracker fund that invests in the shares which make up the FTSE 100 index. As the fund is […]


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