Clerical Medical launch targets chunky cash reserves

The Corporate Investor bond, a unit-linked product offering firms access to a range of low risk funds such as fixed interest and gilt offerings, is flexible and gives companies the choice of when to release gains. It is linked to seven funds run by Clerical Medical International (CMI), including the CMI Liquidity Plus, the CMI Short Duration bond, and the CMI Diversified Target Return offering. Investors also have access to multi-manager UK equity funds and offshore deposit rates via the product, and there is no capital gains tax paid on buying and selling assets within the bond. C...