Royal & Sun Alliance International Financial Services (RSAIFS) has launched a fund investing in trad...
Royal & Sun Alliance International Financial Services (RSAIFS) has launched a fund investing in traded endowment policies (TEPs) and property.
The fund is under the discretionary management of Surrenda-link, the TEP market-makers.
The investment objective of the fund is to achieve long-term capital growth with a low risk profile and low volatility. Surrenda-link already advises 10 offshore and UK funds with total assets of £400m.
According to RSAIFS, these funds have achieved a 12.4% per annum return over eight years to 31 May 2000. The property advisers to the fund are Keningtons Chartered Surveyors, which has been managing properties for more than 60 years.
Property and TEPs have different market cycles, which should help keep volatility low. However, other asset classes may be added to the fund if the advisers deem it desirable.
Simon Pack, general manager sales and marketing at RSAIFS, said: "Analysis undertaken by Surrenda-link using published property performance and TEP performance data shows that, historically, the combined performance of a joint TEP and property portfolio would have been less volatile than one solely invested in property or TEPs."
RSAIFS has also launched a new mirror fund link in conjunction with Brandeux Managers.
The Student Accommodation fund aims to achieve capital growth by investing in both residential and commercial UK property supported by tenancy or some other arrangement.
The prime target for acquisition by the fund is freehold or long-term leasehold properties comprising student accommodation that supports the various colleges and universities within the UK.
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