Managers of the newly launched Secured Life fund are looking to roll out the income producing vehicle to selected retail investors through a UK plan manager.
The fund is based on securitising loans, underpinned by US life insurance policies, to terminally ill people. It is described by the managers as ‘lower risk' then securitised life settlement funds, which take over the life policies themselves, but also offers the benefit of non-correlation with more traditional asset classes. The Irish-listed, closed-ended vehicle is currently only available to institutional investors, with a minimum investment of euro 250,000, through a structured note backed by Deutsche Bank. However, the managers are hoping to interest a UK plan manager in allow...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
