Skandia International launches issue two of Investec Autocall linked fund
Skandia International has launched a second issue of the RS GBP Investec FTSE 100 Defensive Autocall Fund, available through its UK offshore portfolio bond.
The fund is exclusive to the Skandia International offshore portfolio bond wrapper and aims to repay the initial investment as well as delivering a return of seven per cent a year, provided the FTSE 100 is above a specified level (Autocall level) on a specified date (Autocall date).
This issue of the fund is available for investment from 28 April 2014 until 6 June 2014, following which a new version will launch every six weeks until October 2014.
Mark Tully, head of structured solutions at Skandia International, says: “We are happy to be working with Investec on a second issue of the Autocall linked fund. The demand for structured solutions, offering the potential for steady returns with an element of capital protection, is increasing as investor confidence in the UK economy grows. By making this fund available through our offshore bond wrapper we are offering advisers and their client’s greater flexibility in how they construct investment portfolios.”
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