Latest product launches

Skipton International and Aequam Capital launch new products

2 year bond from Skipton International
IFAs looking for a fixed rate for clients might want to check out Guernsey-based Skipton International’s latest bond offering. The 2 Year International Bond (Issue 7) comes with a gross annual rate of 3.25% until 30 June, 2013.  The minimum investment sum is £10,000 and the maximum £1m. Interest can be added to the account or paid away to an offshore or onshore account of the saver’s choice.  No withdrawals are permitted during the term and once the initial deposit is made no further funds may be added over the life of the bond. All new customers must supply the full KYC documentation on application. http://www.skiptoninternational.com

Multi-currency fund launch
Aequam Capital has launched Aequam Currencies Fund, a multi-currency quantitative fund, that’s UCITS 3 compliant and available in either euros or US dollars. The managers report that whereas the fund is uncorrelated to bond and equity markets it has a volatility target similar to that of equity markets and is “particularly adapted to investors’ constraints.” It invests in a universe made up of the G10 currencies and nine emerging market currencies.

The minimum investment sum is €1,000 for individual investors (€250,000 for institutional investors) and the annual management fee is 2% (1.5% for institutions). The performance fee for both individuals and institutions is 20%.

Aequam Currencies Fund is targeted at private banks, multi-managers, institutions, treasuries and family offices and more details are available here http://www.aequamcapital.com