Manor Park, a U.K. structured products provider, will purchase index options on a quarterly basis for its latest open-ended fund. The Guaranteed Global Managed Fund will give investors capital-protected exposure to the FTSE100, Standard & Poor's 500, Dax-30, Nikkei 225 and Hang Seng indices. Investors will be able to choose between 95% and 100% capital protection.
Alan Williams, director at Manor Park in Guernsey, explained the quarterly rollover dates will make the fund more competitive than a bond-wrapped product on the same indices. This is because Manor Park will be able to re-price the index options if market conditions improve. Williams said the fund manager would also compare the price of basket options against single index options.
