Perpetual launches structured product
Perpetual has launched a capital protected structured product that aims to provide investors with exposure to accelerated wealth potential.
Perpetual Protected Investments — Series 1 offers investors 14 well-rated, growth-oriented managed funds across a range of asset classes including domestic and global equities, global resources, property, infrastructure and absolute return capabilities.
Perpetual said the key features of the product were capital protection at maturity, a gains lock-in facility throughout the seven-year term of the investment and an option for approved investors to borrow up to 100 per cent of their original invested amount and their first year’s interest with no margin calls.
Research houses Aegis and Lonsec have rated the product ‘highly recommended’ and ‘recommended’ respectively.
Series 1 will be open to investors from May 7 to June 15, 2007.
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