Life Settlement Strategy fund from Centurion

Centurion Fund Managers has launched a fund with managed growth and protected classes for its traded...

Centurion Fund Managers has launched a fund with managed growth and protected classes for its traded life policies, dubbed Life Settlement Strategy. The portfolio targets annual returns in the range of 7% and 11% for the protected class and 9% to 13% for the managed growth class. Unlike other traded life policy funds, the product will not hold the policies to maturity. Policies with long life expectancies will be bought and held for up to five years to benefit from any early maturities instead.