product launch
Life office analyst Ned Cazalet is acting as adviser to an offshore fund of with-profits funds being launched by investment boutique Circus Capital. The aim of the Diversified Smooth Growth fund is to focus on financially strong life offices. Money will initially be split evenly between Norwich Union and Prudential. While the product will be priced on a monthly basis, investors will not be allowed to take their money out in the first year of investment and will be subject to penalties in the subsequent four years. Policyholders will also be subject to market value reductions if the underl...
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