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 'cast iron' 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.