UK-based Thomas Miller Investment (TMI), the asset management arm of the Thomas Miller Group, has joined Compass Global Wealth to launch the Structured Product Fund in January 2014.
The proposed fund, which will invest in a portfolio of structured products, aims to deliver annual returns of between 5% and 15% through investment in selected value-driven opportunities in the secondary market and, where appropriate in new issuance, reported international-adviser.com.
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TMI will be investment adviser on the fund, working alongside IDAD.
Compass Global Wealth managing director Clive Moore was quoted by international-adviser.com saying that structured products have delivered consistent returns in a variety of market conditions over the last five or six years.
"The Structured Product Fund offers an alternative, with professional managers making a diversified selection of products from the secondary and primary market," Moore added.
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