Managing Partners (MPL) will stage free masterclasses for IFAs and institutional investors on traded life policies (TLPs) in Jersey and Guernsey following a surge of interest in the asset class.
TLPs are US-issued whole of life policies sold before their maturity date and purchased at a discount from their maturity values. The market has grown from $50m in 1990 to $20bn in 2007.
They are increasingly recognised for delivering predictable returns irrespective of what is happening to other asset classes and are becoming attractive to investors seeking alternative investments following the major losses seen on financial markets over the last two years.
Channel Island investors have significantly increased their investment in MPL's Traded Policies fund, which invests in TLPs. In the first quarter of 2009, they invested double that of the whole of 2008. The fund's retail growth share class returned 10.47% net of all charges in the 12 months to 1 January 2009.
The masterclasses will be held at the Royal Yacht Hotel in Weighbridge, St Helier, Jersey on 25 March and at the Old Government House, St Peter Port in Guernsey on 26 March. Registration is at 9am with a buffet lunch.
Research carried out among IFAs and institutional investors at a similar masterclass in London found a quarter of attendees planned to increase their exposure to TLPs by more than 20%.
Nearly 45% of those present said they intended to boost their exposure by up to 10% while one in ten said they would do so by 11-20%. None expected to reduce their exposure. Approximately 80% of delegates said TLPs were very favourable.
Attendees of the Guernsey and Jersey masterclasses will receive a free copy of the Merlin Stone Report: The Market for Traded Life Policies, a guide to the TLP market backed by research by Merlin Stone of the Bristol Business School.
IFAs and institutional investors can book a place by calling: 0845 434 7725 or emailing: [email protected].
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