Sarasin puts wrap on GlobalSar

Structured products

group places 100% capital protected wrap on its £194 globalsar sterling balanced portfolio

Sarasin has put a 100% capital protected wrap around its £194m GlobalSar Sterling Balanced fund costing 0.45% per year over the five-year term. This is the fifth tranche of the GlobalSar Principal Guaranteed Note and is to be listed on the Luxembourg Stock Exchange. The underlying charges on the fund are a 5% initial and a 1.5% annual management fee. There is 3% upfront and 0.25% renewal fee available to intermediaries. The investment will take the form of a medium term note (MTN) and, on expiry, the proceeds of the sale will be available for reinvestment, or can be transferred into ot...