Protected floor on Investec MAP hits launch NAV

The Investec Multi-Asset Protector fund's protected floor has hit its initial launch NAV after climbing over 25% since inception.

Designed to capture the full upside of a multi-asset portfolio, the £123m fund also aims to provide 80% downside protection for investors. With the fund’s net asset value rising about 25% since launch, initial investors should now be insulated against any capital losses. Managers Philip Saunders and Max King currently have just under 50% in equities and nearly 30% in bonds, with small allocations to both gold and property via low-cost ETFs and ETCs. The remainder is in cash. “We aim to provide investors with a diversified multi-asset portfolio with some mitigation of downside in ...