Royal and SunAlliance Eurolife Limited (R&SAE) has launched the Swiss Franc Managed Bond in partners...
Royal and SunAlliance Eurolife Limited (R&SAE) has launched the Swiss Franc Managed Bond in partnership with Towry Law Group. The bond offers capital growth over the medium to long term with freedom to access capital and income. This investment targets the investor who wishes to invest in Swiss francs and reduce currency exposure while getting international fund management and enhanced allocations of up to 104%.
The Swiss franc Managed Bond gives investors access to the Bank von Ernst Swiss Franc Managed Fund. This fund adopts a low risk strategy by allocating typically 67% of its assets in Swiss franc-denominated bonds while maintaining exposure to international equities to boost capital growth. Investors can also select funds from R&SAE's fund panel and recognised authorised funds through this bond.
Paul Ellis, European Director of Towry Law, said that the low rate of return on Swiss francs (the one-year deposit rate in May was 1.7%) is what makes this product particularly attractive.
He said: 'The fact that SFR deposit rates are relatively low highlights the need for a product such as the Swiss Franc Managed Bond, which offers a rewarding alternative to Swiss Franc deposit accounts'
Royal & SunAlliance Group operates in more than 130 countries and manages funds in excess in of $95bn.
Suspension remains 'in best interests of all investors'
Our weekly heads-up for advisers
'UK investment case remains strong'
'No viable alternative'