Shepherds opens share classes

Sterling and euro share classes launched on dollar-denominated traded life policy fund

Shepherds has launched sterling and euro share classes on its Traded Life Policy fund. Previously only available as a dollar-denominated fund, the vehicle buys traded life policies at a discount from people wanting to unlock benefits prior to their death. Sellers are typically policyholders diagnosed with terminal illnesses and the discount on the policy depends on their life expectancy. Because life policies are not linked to any form of investment performance, a set payout is guaranteed on the death of the life assured, whoever owns the contract at that point, unlike endowment plans, f...