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Sarasin launch structured investment product

Sarasin Investment Management have launched a new structured investment product for investors seeking exposure to the growth prospects of world stock markets, the availability of periodic income and the protection of what it calls a &#39cast iron&#39 repayment guarantee in five years time.

The Sarasin Guaranteed Portfolio is a five-year fund-linked ivestment note that offers 100 per cent capital protection of the initial investment if the note is held for a full five year term, which provides the investor with all of the capital in the fund plus semi-annual income distributions. A minimum of £7,000 can be invested into
the Sarasin CI GlobalSar Sterling Balanced Fund, a 16-year-old £189m fund.

The fund has an initial charge of five per cent with an annual management charge of 1.5 per cent per annum.


Sales of retail funds rocket 84 per cent in December

Net retail sales of investment funds rocketed 84 per cent from November to December, according to the IMA. The trade body&#39s monthly figures reveal that net sales hit £834m in December from £480m in the previous month. Isa sales were up 5 per cent, to £209m from £201m. Total funds under management in 2003 grew […]

Invesco Perpetual – Distribution Fund

Type: Oeic Aim: Income and growth by investing in equities and bonds Minimum investment: Lump sum £500, monthly £20 Investment split: At least 60% bonds, remainder in equities Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 2% Commission: Initial 3%, renewal 0.5% Tel: 0800 028 2121

Miles wide of the mark

Professor David Miles has sparked an angry response from mortgage brokers with his claim in his interim report late last year that brokers are fuelling the remortgaging boom and encouraging borrowers to spurn longer-term fixed deals. Miles claimed that advisers are churning mortgage business by guiding clients to remortgage to short-term fixed-rate deals every two […]

Selestia stays on track with sales of £218m

Asset allocation platform Selestia saw new business of £218.3m in 2003 after taking £74m in the final quarter. It says the results for its second full year keep it on target to reach profitability by 2006 through accumulating assets of between £1.5bn and £2bn. The Old Mutual-owned platform now has £300m in assets under management […]

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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