Royal & SunAlliance International Financial Services (R&SAIFS) has teamed up with Royal & SunAllianc...
Royal & SunAlliance International Financial Services (R&SAIFS) has teamed up with Royal & SunAlliance Eurolife to launch a bond fund aimed at both expatriates and native investors and advisers.
The launch coincides with R&SA Eurolife's European strategy to target English-speaking expatriates who want sophisticated products not readily available in the countries where they are resident.
Nigel Watson, general sales manager at R&SA Eurolife, said: 'These domestic investors are not looking for fiscal benefits but want the flexibility a portfolio bond can give.'
R&SA Eurolife only markets products in Europe ' primarily Sweden, Belgium, Spain and Germany. Watson added: 'Recent statistics state the EU is the largest market for life products ' lots of traditional life companies have started looking there The European market is 36% bigger than the US.'
The R&SAIM fund, dubbed the R&SSHIM European Balanced Yield Bond Fund, is denominated in sterling and the R&SA Eurolife fund in euros.
The Balanced Yield Bond Fund is available via any R&SAIFS and R&SA Eurolife products and can be accessed at the bid price through investment plans such as the Elite Investment Account, the International Investment Account and the International Portfolio bond.
The R&SAIM European Balanced Yield Bond Fund will be managed by Fatima Luis, who manages the RSA Investments Maximum Income Bond fund, and will invest 50% in investment grade bonds and 50% in high yield bonds.
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