NatWest Int'l to release next Autopilot product
From Products May 5 2010 BY: Simon Danaher
, Online News Editor
, International Adviser
NatWest International Personal Banking is to roll out the latest tranche in its Autopilot deposit account series.
The Autopilot International Account has a monthly investment strategy which links to the performance of a market sector when the markets are rising and diverts to cash when they fall. It will invest equally in four sectors including developed equity markets, emerging equity markets, property and gold.
The product has a term of five years and if held until maturity will be 100% capital protected. There is a minimum deposit amount of £10,000 and it is available in either sterling, euro or US dollar.
“The Autopilot International account provides our customers with the possibility to link their wealth over four different market sectors,” said Ashley Taylor, head of International Wealth Managers at NatWest IPB.
“The account was originally designed to simplify portfolio diversification and asset allocation by using a rule-based strategy that allocates their deposit carefully. Having received such a positive response to the range from our customers we are confident it will continue to be a successful strategy.”
Applications for the product close on 28 May and it has a start date of 17 June.