Isle of Man Assurance Group (IOMA) has launched two additional funds to its Global Asset Portfolio fu...
The New Economy fund invests in the Edinburgh Technology Fund as well as the Forsyth Funds Greater Europe Fund to be able to gain exposure to Europe.
Edinburgh Technology Fund has been rated the number one in its sector since its launch in March 1982. One of the key factors for such outperformance is the fund manager's focus on realistic valuations for technology stocks and the management team expertise.
Forsyth uses a fund of funds approach to investment management and invests in a combination of offshore funds and other collective investment schemes. There are presently eight investment portfolios featured in the Forsyth Funds and the funds chosen are by indepth research and the expertise of their Investment Manager, Forsyth Partners.
While the Premium Profits fund has been added as an underlying asset within the Managed Endowment Fund (TEP). The Premium Profits fund aims to return 9%-11% per annum net of charges in sterling terms.
Global Asset Portfolio provides investors with the opportunity to invest in funds with or without capital security and to switch investments between the range. Twelve free switches per annum are allowed between funds.
Also included in the range is a Global Index Tracker, Global Equity and Growth Funds as well as access to Edinburgh Fund Manager's new generation of protected funds.
Nigel Wood, managing director of IOMA says "we decided to expanding the fund range to encompass a European Fund and a Technology Fund as a result of consensus demand. As an independent company IOMA has always been quick to respond to the needs of our clients and takes heed of the demands of our leading IFA's."
The Global Asset Portfolio fund is a single premium life investment bond and is primarily linked to funds managed by Edinburgh Fund Managers. It is available in euros, dollars and sterling. Costs involved are a 1.6% establishment charge of five years and a 1.25% annual management charge.
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