NatWest International Personal Banking (IPB) has launched the 9th issue of its Autopilot International account.
Autopilot International links to four market sectors and money deposited is capital protected, provided the deposit is kept for the full five year term
The account offers a monthly management strategy that links to the performance of a market sector when the markets rise and diverts to cash when they fall. The four market sectors are the Developed Equities Market, Emerging Equities Market, European and Asian Real Estate Equities Market and Gold. The deposit is split equally in each of the sectors, and the account performance is capped at 8% in any one month (9% for EURO and USD accounts).
Alan Evans, Head of International Wealth Managers at NatWest IPB comments:
“Autopilot International simplifies portfolio diversification and asset allocation by using a rule-based strategy that allocates their deposit carefully. Having received such a continued positive response to the range from our customers we are confident it will continue to be a successful strategy.”
The Autopilot International account is 100% capital protected if the deposit is held until maturity. The minimum deposit amount is £10,000 and the account is available in a choice of three currencies – sterling, euro or US dollar.
The last date for applications is 4 November 2011.
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