A comprehensive list of the product launches covered in the magazine this month
Active Asset Investment Management
Product: aAim Property Fund 1
Description: It is a Jersey closed-ended expert collective investment fund company that invests in UK commercial property aimed at high net worth investors. There will be a minimum transaction size of £10m pre-let on minimum 15-year unexpired lease. The fund is also highly leveraged with typically 80%-90% of the loan cost.
Axa Isle of Man
Product: Multi-manager and Select range
Description: Is planning to launch a multi-manager product from Dublin to serve its EU investors. Axa has also revamped it Select range to make its onshore and offshore products more in line with each other.
Baring Asset Management
Product: Baring Japan Absolute
Description: A Japanese long/short fund to be managed by the head of the Japan equity team Joji Maki. The fund will generally have a long bias, holding up to 50 stocks and selling short up to 30, with an overall net exposure of between 20% and 80%. The long-only side will generally concentrate on the small to mid-cap arena, while the short side will be primarily large caps or, when Maki is uncertain or has a negative view on the market, whole indices
Product: The Beach Horizon Fund
Description: It is a Cayman-domiciled fund that is based on Beach Horizon's diversified, systematic, medium-term trading program that was developed by Paul Netherwood, Alan Goulding and Sanjeev Lakhanpal under David Beech.
BNP Paribas Asset Management
Description: It has opened up its Luxembourg fund range to UK investors. The range consists of 28 core funds and 32 high alpha portfolios. These include the Parvest Japan, Parvest World Bond a global fixed income fund managed by Fisher Francis Trees and Watts and the Parvest US Small Cap which is managed by US based Neuberger Berman. The funds have been opened up on the back of the relaxed UK distributor status rules.
Close Private Bank
Product: Close Private Bank Group of Companies
Description: The company is restructuring and has rebranded its Channel Islands product lines. The five lines will be in banking, investment, trustee, custody and pension. The products have been restructured under a client-centric model providing customers with more choice and better access to products and expertise.
Product: Fund of hedge funds
Description: A fund of fund product that incorporates an allocation of about 30% to a fund of hedge funds. The portfolio will include exposure to European growth fund, European value and European large and small cap and certain exposures to high yield and the US.
Description: A single premium unit-linked product that is designed to provide investors with greater flexibility, specifically being able to add and withdraw initial investment whenever the client decides. Clients can choose between 80 funds in the portfolio including equity, bond, money market, commodity, property, hedge and capital protected funds.
Leeds & Holbeck Building Society Gibraltar
Product: Two Year Fixed Rate Bond
Description: It has launched a bond that has a rate of 5%. The minimum investment is £5,000 with access being available on up to 50% of the amount invested without notice or penalty.
Leeds & Holbeck Building Society Gibraltar
Product: Regular Saver Account
Description: The Society has launched a regular saver account that offers a return of 5.5% if investors are willing to commit as little as £20 per month. It is aimed at customers who are unable to invest an initial lump sum. The product also allows one penalty-free withdrawal in the bonus period.
Product: MGS Diversified Opportunities
Description: The product is in response to demand from clients for dividend payments, shorter maturity dates and choosing whether to have a capital guarantee. Features for investors is that it has 4% fixed dividends for the first four years and discretionary dividends after this period for those who want them. Investors can choose to have capita protection if they wish. The product offers access to Man Global Strategies Diversified.
Product: Sterling fixed rate bonds
Description: Three sterling fixed rate bonds that pay an interest rate of 4.7% gross pa. Customers can choose from a one-year, two-year or three-year bond. For customers who want monthly interest the rate is 4.65%. The bonds are available to new and existing customers.
Nomura Asset Management
Product: Emerging market fund
Description: Is to launch five emerging markets funds: a best of breed combination weighted in proportion to the market capitalisation of the underlying geographical region. It will be Dublin domiciled and available to UK, German, Asian, Middle East and Western European investors.
Parador Properties and Thomson Holidays
Product: Overseas homes in Spain, Cyprus, Majorca and Portugal.
Description: Parador has teamed up with Thomson Holidays so investors can view their overseas properties on a special in-store online microsite. Staff will also provide information to investors on the locations of the properties. Prices start from £65,000.
Pictet Asset Management
Product: Pictet Funds Emerging Markets Large Cap
Description: The portfolio seeks to identify reasonably valued liquid large and mid-cap stocks showing strong fundamentals. The fund will have a concentrated portfolio of 80-100 stocks. It is to be managed by Stephen Burrows and John-Paul Smith.
Portman Channel Islands
Product: International Access Accout
Description: A no-notice savings account which pays an interest rate of up to 5.10%. Interest can be paid annually or monthly and withdrawals can be made instantly. The minimum investment is £5,000 and the minimum amount for withdrawal is £5,000.
Standard Life Investments
Product: UK Shopping Centre Trust and a Retail Park Trust
Description: Both structured as closed-end Jersey property trusts. The Shopping Centre portfolio is £2bn and comprises 10 assets, including Brent Cross Shopping Centre and Retail Park, Whiteleys on London's Queensway and the Thistle Shopping Centre in Stirling. The Retail Park Trust includes Croydon's Purley Way Retail Park and Guildford's Ladymead Retail Park. It has 11 assets and a target of £1.5bn.
Product: European Residential Property fund
Description: A residential property scheme focusing on emerging Europe. The European Residential Property fund will be advised by King Sturge and managed by Morley and is the first property fund to use the UK's Qualifying Investor Scheme. The target return of the sterling and euro-denominated fund is at least 10%pa net of fees, while the target investors are private banks, financial advisers, discretionaries, and property funds wanting to outsource their emerging European exposure. The main themes of the fund are urban living - especially Warsaw and Prague; and holiday homes, especially Croatia and Bulgaria.
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