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.”
In my last few articles I have discussed a number of key issues which should be of prime importance to clients and, therefore, also to their financial advisers in various aspects of pension planning.
Overseas specilaist Conti Financial Services has extended its range by offering mortgages for people buying property in Turkey.The broker expects the popularity of Turkey to rival that of Spain with Britons looking to buy abroad.The overall number of enquiries Conti has received from people wanting to purchase property overseas has increased over the past six […]
The equity-release market has never been more competitive, driven by increased consumer demand, massive house price inflation, an ageing demographic and, of course, a growing pension deficit.
Vertex Financial Services has picked up a new business processing outsourcing contract providing a product administration platform end to end admin for Living Time. Living Time will launch a range of products underwritten by AIG Life into the UK’s retirement income market.Vertex says it is developing a retirement income version of its Virtual Life Company […]
Catriona McInally, business development manager, explores how your corporate clients can manage their cash deposits and maximise returns without compromising security and liquidity. Read more
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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]