Hansard International is to offer investors a sterling share class on its Global Protected Structure...
Hansard International is to offer investors a sterling share class on its Global Protected Structured product.
The Luxembourg-domiciled product invests in Merrill Lynch Investment Manager's (MLIM) onshore and offshore fund range and is capital protected to 80% of its net asset value (Nav), an arrangement provided by UBS.
Owen Donnelly, manager of investment services at Hansard International, said: "We decided to launch a sterling version to give investors access to MLIM's onshore and offshore range, which our dollar and euro versions did not provide."
Asset allocation is also provided by MLIM, he said.
The weightings for the offshore funds in the portfolio include 20% for the Global Allocation fund, 10% for the Asian Dragon portfolio, 10% for the Japan Value and 2% for the Gold and General product. Onshore funds include a 13% weighting to the America portfolio, 10% to the European Dynamic, 19% to the UK, 10% to the UK Special Situation and 6% to the Income portfolio.
The product will be available in the UK and all EU countries through Hansard International wrappers. This includes a regular savings plan and a personal portfolio bond. Fees and charges will depend on which wrapper the investor chooses.
In another move, Donnely said Hansard International was also planning to launch a global property fund and multi-asset class product that would invest in equities, commodities, fixed income, property and alternatives. These are expected to be launched in September.
Hansard first launched its Global Protected product back in December 2004 with a euro version. Although this product offered investors exposure to the offshore Merrill Lynch fund range it did not provide access to their thematic or country specific funds, said Donnelly.
It was not until the dollar version was launched in November 2005, Merrill Lynch thematic and country offshore funds were included.
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