Premier Asset Management has launched a wrapper linked to two of its outsourced funds and one o...
Premier Asset Management has launched a wrapper linked to two of its outsourced funds and one of its funds of funds.
The Premier Natural Income Portfolio, which has a death benefit guaranteed attached, includes links to the group's High Income Bond fund, run by Peter Wilson of First Union with a yield of 8% and UK Blue Chip portfolio run by Martin Rasch of Laing & Cruickshank which has a 3.5% yield. This is in addition to the Balanced fund of funds run by David Hambidge which has a yield of 4.2%.
The death benefit guaranteed promises to return the higher of either 105% of the original investment or 105% of the portfolio's value on the previous 1 July, in a bid to attract the trustee market. Simon Weldon, sales and marketing director at Premier, said investors are offered unlimited switching between the funds at no cost.
Minimum investment is £20,000 and the funds charge 5.25% initial , with annual management charges varying between 1.5% and 1.75%. The wrapper itself has no fee.
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