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SG combines five asset classes in protected product

SG Asset Management is set to launch a capital-protected fund which offers exposure to five asset classes.

The Adequity best asset protected fund will be structured as an onshore fund providing exposure to the returns of a basket of UK and US equities, pan-European commercial real estate, hedge funds and commodities indices.

Launching on November 15, subject to FSA approval, the product has a five-year term and links the share price at the end of this term to the highest portfolio value at the end of each year.

Executive director, engineered solutions, Sisou-Phan Duyninh says onshore funds cannot currently offer exposure to a hedge fund tracker index but the Adequity fund can give exposure to the MSCI hedge fund index through its subsidiary Lyxor, which has a Luxemburg Ucits III fund tracking the index.

The fund will offer 3 per cent initial and 0.5 per cent renewal commission.

Charges are 3 per cent initial and 1.5 per cent annual. The minimum investment is 1,000.

Duyninh says: “The objective of Adequity is to offer new combinations of different capital protection levels and diversified market exposure for the ordinary investor. It fills the gap between the classic guaranteed deposit-based product and the asset management industry.”

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