Old Mutual Guernsey is launching the Market Neutral Fund and adding it to the list of funds available...
Maxima and Alpha are life contracts that offer links to overseas funds denominated in pounds, dollars and euros.
The new Market Neutral Fund is designed to be countercyclical and provide returns regardless of the state of stock markets, and OMG sees it as a risk reducing element to its clients portfolios.
The fund is to be managed by OM Asset Managers, which will determine minimum investments based on which plan, Maxima or Alpha, is chosen by clients.
The fund launch period runs until 16 November, and OMG is offering additional units to new investors in the linked life assurance plans.
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