Standard Bank has launched another series of its Global Portfolio Picker.
Each diversified portfolio invests in four asset classes - equities, bonds, property and commodities. The three portfolios are an aggressive portfolio, more weighted towards equities, a balanced portfolio with a balance across all four asset classes, and a conservative portfolio, in which the weighting is toward fixed income.
The latest product includes a ‘look back’ feature, which ensures that the investor does not have to choose a portfolio to invest in at the commencement date, but receives the return of the best performing portfolio at the end of the term. Investors receive participation of 110% for sterling and 100% for US dollar in the potential growth of the best performing portfolio. Capital is protected in full provided the investment is held to maturity and there is unlimited growth potential. Global Portfolio Picker III is available as either a deposit or a tradable security.
The security variant, designed for intermediaries, requires a minimum investment of £50,000 or US$100,000 and the deposit variant requires a minimum investment of £10,000 or US$20,000.
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First mentioned in Cridland Report
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