Manor Park is launching a capital protected product with a five year life offering a minimum return ...
Manor Park is launching a capital protected product with a five year life offering a minimum return of 110% of the initial investment, regardless of market performance.
The Guaranteed UK Capital Growth Fund (Dec 2000 Series) is a Guernsey-based closed end product offering 70% exposure to the upside in the FTSE 100.
The fund, aimed at individuals, pension schemes, trustees of charities and holders of personalised life assurance bonds, is open to investors until 8 December.
The product's life starts on 15 December and matures on 15 December 2005.
The minimum investment is £5,000 and all Manor Park charges are built into the structure of the product.
The fund is identical in structure to the Guaranteed UK Capital Growth Fund (October 1995 series), which matured on 30 October 2000.
Alan Williams, director of Manor Park, said: "This is aimed at investors who may be aware of the volatility of the markets. These investors are more cautious and want the security of a known fixed return, in addition to growth potential without losing their original capital."
According to Manor Park the product is backed by guarantees from financial institutions with credit ratings of AA or above.
Manor Park, established in 1990, also runs a range of UK based exempt funds provided via Winterthur Life.
Headed by Ben Palmer and Edward Park
Consults on regulation and innovation in green finance
13 studies begun since April 2013
Start with customer requirements
£6.8bn of combined assets