02.12.2016, 20:21
New fund gets GBP 40m from delighted investors
OREANDA-NEWS. EAGER investors have ploughed more than ?40 million into a ground-breaking new fund - in its first four days.
Mattioli Woods said it was "absolutely delighted" with soaring take-up rates for its industry-leading structured products fund.
The wealth management specialist launched the pioneering initiative on November 28, predicting substantial cost-savings and better returns for clients.
Chief executive officer Ian Mattioli said: "The fund has started with new investment of ?40 million - and we see that as just the beginning.
"Our core aim is to better investor returns and outcomes. This innovative development has been designed with clients at its very heart".
The structured products fund - recognised by the Financial Conduct Authority (FCA) - was created in association with Commerzbank AG, a leading commercial bank with branches and offices in more than 50 countries.
Mattioli Woods says it offers greater security, an improved investment process, higher potential returns and instant diversification of products.
It builds on the company's long-standing track record of managing more than ?100 million in structured investments, which have provided average returns of more than six per cent per annum.
Mr Mattioli said: "As a fund we are able to buy better and more flexible structured investments that will better client outcomes and returns.
"Our investment thinking is born out of running investors' long-term pension funds - structured products have a very real place and use in our clients' investment portfolios."
Since its launch, the new fund has already raised ?32 million in cash with a further ?9 million committed to it over the next two weeks.
Mark Fuller, the company's head of structured products, said: "The interest generated by the fund has been superb - and exceeded my expectations.
"Feedback from clients has been overwhelmingly positive and reinforces our view that they appreciate our endeavours to provide better solutions for their investments".
He added: "The money raised has proved to us that our clients understand this new way of distributing structured products. As a collateralised fund, it has lower costs and is better diversified".
The Mattioli Woods group provides integrated services for individuals, embracing pension consultancy, with a strong specialism in self-invested personal pension schemes and small self-administered pension schemes; personal investment and estate planning.
For corporate clients, Mattioli Woods provides a comprehensive range of employee benefits services.
In the last twenty years, Mattioli Woods has grown dynamically year-on-year, and became a public company following its listing on the AIM market of the London Stock Exchange in November 2005.
Founded on a strong culture of client care, the core services are targeted towards controlling directors, professional persons, owner-managed businesses and small-to-medium sized PLCs.
The group now advises over 6,000 clients throughout the UK, with funds under management, administration and advice in excess of ?6 billion.
Mattioli Woods said it was "absolutely delighted" with soaring take-up rates for its industry-leading structured products fund.
The wealth management specialist launched the pioneering initiative on November 28, predicting substantial cost-savings and better returns for clients.
Chief executive officer Ian Mattioli said: "The fund has started with new investment of ?40 million - and we see that as just the beginning.
"Our core aim is to better investor returns and outcomes. This innovative development has been designed with clients at its very heart".
The structured products fund - recognised by the Financial Conduct Authority (FCA) - was created in association with Commerzbank AG, a leading commercial bank with branches and offices in more than 50 countries.
Mattioli Woods says it offers greater security, an improved investment process, higher potential returns and instant diversification of products.
It builds on the company's long-standing track record of managing more than ?100 million in structured investments, which have provided average returns of more than six per cent per annum.
Mr Mattioli said: "As a fund we are able to buy better and more flexible structured investments that will better client outcomes and returns.
"Our investment thinking is born out of running investors' long-term pension funds - structured products have a very real place and use in our clients' investment portfolios."
Since its launch, the new fund has already raised ?32 million in cash with a further ?9 million committed to it over the next two weeks.
Mark Fuller, the company's head of structured products, said: "The interest generated by the fund has been superb - and exceeded my expectations.
"Feedback from clients has been overwhelmingly positive and reinforces our view that they appreciate our endeavours to provide better solutions for their investments".
He added: "The money raised has proved to us that our clients understand this new way of distributing structured products. As a collateralised fund, it has lower costs and is better diversified".
The Mattioli Woods group provides integrated services for individuals, embracing pension consultancy, with a strong specialism in self-invested personal pension schemes and small self-administered pension schemes; personal investment and estate planning.
For corporate clients, Mattioli Woods provides a comprehensive range of employee benefits services.
In the last twenty years, Mattioli Woods has grown dynamically year-on-year, and became a public company following its listing on the AIM market of the London Stock Exchange in November 2005.
Founded on a strong culture of client care, the core services are targeted towards controlling directors, professional persons, owner-managed businesses and small-to-medium sized PLCs.
The group now advises over 6,000 clients throughout the UK, with funds under management, administration and advice in excess of ?6 billion.
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