SPI initiates tax-efficient tech bond

Professional Adviser
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Scottish Provident International (SPI) is preparing to launch an offshore technology bond in partners...

Scottish Provident International (SPI) is preparing to launch an offshore technology bond in partnership with Aberdeen Asset Management. The new bond has access to SPI's Global Tech fund and their European tech fund, both of which are advised by Aberdeen. The Global Technology fund has achieved 63.4% over six months, 125.5% over one year and 421% over three years. There is a 6% charge up-front for establishing the bond. This covers commissions. Then there is a 1.98% annual management charge priced into the fund. There are no exit fees or withdrawal clauses. SPI approves of Aberdeen's focu...

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