Old Mutual Guernsey (OMG) has launched the OMG Market Neutral Fund, to be managed by its sister comp...
Old Mutual Guernsey (OMG) has launched the OMG Market Neutral Fund, to be managed by its sister company Old Mutual Asset Managers (UK).
The fund is available through the Maxima and Alpha product range. Both are single premium unit-linked life products domiciled in Guernsey.
The portfolio aims to provide a return that seeks to be independent of wider stock market movements, generating a return through wider cycles and reducing the volatility of market fluctuations.
The fund seeks to make money through all market cycles and clients should benefit from extra protection by reduced volatility and low correlation to traditional assets.
Minimum investment will depend on whether the Maxima or Alpha plan is selected. Maxima minimum investment is $10,000 and Alpha minimum investment is $25,000.
The launch period is until 16 November 2001, during which time an opening offer price of $1 will be held.
Clients who invest in policies linked to this fund during the launch period will receive additional units based on a calculation from OMG, linked indirectly to prevailing money market rates and the period of the fund's investment.
Until the fund has started trading, OMG will be able to receive new money and switch money from other funds that are linked to Maxima and Alpha plans. However, until the fund starts trading, investors may not switch out of the fund.
After the launch period, policyholders may redeem units from the fund via policy surrender or a fund switch transaction on any dealing day of the fund.
£1bn business since inception
Considered doing so in 2015
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