Close Fund Management is launching a limited-life closed-ended protected US index product. The Close...
Close Fund Management is launching a limited-life closed-ended protected US index product. The Close US Index Growth fund will guarantee 8.1% per year capital growth over five years, based on the performance of the S&P 500 index. This works out 47.6% in total, even if the index falls by up to 20%. The return is taxed as capital gain. The sterling-denominated fund is fully Isable and pays intermediary commission of 1%.
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