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Property and Teps combined in fund

A fund which combines investment in properties and traded endowment policies is being launched by Royal & Sun Alliance International Financial Services and Surrenda-link.

Tep market-maker Surrenda-link says the Property and Teps fund is aimed at the growing market of low-risk investors.

It says the fund brings together two asset classes, property and Teps, both of which have a strong capital growth record. Since each of the asset classes offers low risk levels, Surrenda-link says having both in a single fund reduces risks further and will be attractive to investors who are cautious about the current volatility of equities and low returns from cash.

The properties owned by the fund will be managed by Ken- ingtons Chartered Surveyors.

Surrenda-link chief executive Paul Sands says: “We believe there is good value to be had in the Tep market. RSAIFS will be actively marketing this fund.

“By the end of the year, we expect the fund to have grown to somewhere in the region of £30m.

“The Property and Teps fund is a logical progression for Surrenda-link and we are delighted to have been able to work with RSAIFS and Keningtons to bring this innova-tive and attractive product to investors.”

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