A comprehensive list of the product launches covered in the magazine this month
Anglo Irish Bank Corporation
Product: Privilege 90 Day Notice Accrual Account
Description: A 90 day account that pays an interest rate of 5%. Interest is accrued daily and investors have the option to continue with their investment or close the account to receive their money.
Bank of Scotland International
Product: Capital Guaranteed Savings Bond 12
Description: The bond invests in the FTSE 100 and offers 100% capital protection. If the FTSE 100 index has risen or stayed at the same level at the end of the three-year term, the investment will earn the higher of either 70% of the gains made by the FTSE 100 index or 15% gross interest.
Bank of Scotland International
Product: Dollar Capital Guaranteed Savings Bond 3
Description: The bond invests in the S&P 500 Index. If the index has risen or stayed the same at the end of the three-year term the investment will earn the greater of 50% of the percentage rate of increase of the S&P 500 Index or 10% gross interest on the original investment.
Product: UK Equity Portfolio
Description: The fund will hold 30 stocks and be a focused fund. It can invest in all caps, but will be focused on 350 cap size.
Product: Third party funds
Description: Franklin Templeton Investments, JP Morgan, Fidelity and Merrill Lynch Investments funds will be marketed to customers through Caja Madrid's branches. The bank has more then three million customers and over 2,000 branches. There were reports earlier this year that the bank is to open 28 branches along the Spanish coast to serve expatriates.
Cazenove Capital Management
Product: UK Dynamic Absolute Return Fund
Description: Is to be managed by Neil Pegrum, following a more aggressive long/short approach and is likely to have a higher risk/return profile than the firm's core hedge funds which follow a business cycle approach. His aim is to identify undervalued stocks and portfolio is expected to be tilted towards small to mid-cap positions.
Coronation Fund Managers
Product: Single sector fund of funds and structured products
Description: Single sector fund of funds and structured products with a guarantee are to be launched for the European and Asian HNWI market. Strategies will include long/short, relative value event driven, and tactical trading.
Product: Forsyth Managed Cautious Fund
Description: The portfolio is 5% equities, 60% bonds, 25% hedge, 5% property and 5% commodities. This fund is for investors who seek long-term asset growth and who are, perhaps, concerned about the volatility of financial markets and want preservation of capital.
Product: Forsyth Managed Balanced Fund
Description: The portfolio is 35% equities, 15% bonds, 25% hedge, 5% property, 20% commodities. It is suited for investors who seek long-term asset growth but who are willing to accept a certain degree of risk within their portfolios.
Product: Forsyth Managed Aggressive Fund
Description: The portfolio is 65% equities, 5% bonds, 5% hedge, 5% property and 20% commodities. This is suited to investors who seek long-term asset growth but who are willing to accept a higher degree of risk within their portfolio.
Product: Forsyth Managed Hedge Fun
Description: The fund is 100% exposed to hedge assets, but diversification is achieved by investing across four funds of hedge funds. These offer differing risk/reward profiles and are diversified across a multitude of hedge strategies. The fund will use a mix of strategies including long/short equity, global macro, market neutral, convertible arbitrage, fixed income arbitrage and event driven.
Henderson Global Investors
Product: Henderson North American Equity Multi-Strategy Fund
Description: Invests in North American equities and equity derivatives, the fund's investment process is modelled on the Pan-European and UK Equity funds launched in 2001 and 2003 respectively, using a dynamic capital allocation between the funds strategies including relative value, event driven, liquidity and fundamental.
Product: dollar and euro versions of its range of Overseas Company Club accounts
Description: These are designed especially for people living outside their home country who incorporate their financial affairs under the umbrella of a limited company or for businesses with offshore accounts. The minimum investment is $250, e250 or £250.
Lyxor Asset Management
Product: Three ETFs based on various EMU indices.
Description: the indices are the MSCI EMU Growth, MSCI EMU Value and MSCI EMU Small Cap indexes.
Product: MFS Meridian Funds
Description: Cayman Islands funds and MFS UK Oeic will be merged into its Luxembourg Sicav which will open its global funds and US fixed income funds to European investors. In the global range this will include its Asia, balanced, growth, international research and technology. In the US fixed income range this will include an inflation adjusted bond and a strategic income fund.
Product: Deferred Interest Option
Description: Customers can now decide when they would like to be paid interest on their offshore accounts, without having to open a specific deferred interest account. Investors who opt to defer will be able to decide how much interest they would like added to their account, and how much to defer. Interest is also paid on the interest that is rolled over to a later date. It is available on all accounts paying interest.
Old Mutual Asset Management
Product: Absolute Return funds
Description: Two types of absolute return products. One will be a set of proprietary multi-strategy funds, for which the underlying funds will be managed either by 2100 Capital managers or by investment teams of other OMAM firms. The other will be a fund of hedge funds investing in 30 to 35 independent hedge fund managers and providing exposure to all major hedge fund investment strategies.
Royal Bafokeng Finance
Product: Insurance and savings based products
Description: RBF will develop insurance based savings and investment vehicles as part of the South African Black Economic Empowerment initiative. These will be targeted towards people in the North West province of South Africa, but could also expand to include other parts of the country.
Product: Global 15 Offshore Deposit Account
Description: An offshore notice account that offers an interest rate of 5.10%, if investors give advance notice for withdrawals. If 15 days notice is given before a withdrawal access to funds can be made after this period without loss of interest.
Product: Fund of hedge funds
Description: A fund of hedge funds for the Italian market that will use the expertise of local staff. UBS firm O'Connor will select managers and this will be a similar mix to the existing Proprietary Series III.
Clarke replacing Balkham
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