Royal London 360°, the offshore life arm of the Royal London Group, has added nine new funds to its Paragon international regular premium bond product.
The additions follow a recent review by RL360°, and include funds from Henderson, Threadneedle and Ashburton.
Two popular JPMorgan funds – its Highbridge Statistical Market Neutral hedge fund and the JPMorgan Global Consumer Trends Fund – are also included, RL360° said.
The Global Consumer Trends Fund, which is classified as a commodities fund, is designed to take advantage of investment opportunities created by long-term trends in human behaviour that involve changes in consumption habits as people and workforces age and evolve.
The Highbridge Statistical Market Neutral Fund aims to provide positive, above-cash returns, unrelated to the direction of the market.
Royal London 360° head of marketing Natalie Dutton said the newly-added JPMorgan funds in particular would give investors the option of adding more diversity to their portfolios, and said they strengthened the Paragon investment proposition.
International market
Paragon is a regular premium investment bond that is sold to international investors in most markets, excluding the US, Hong Kong and Lebanon.
Its ‘guided architecture’ status means a pre-selected range of investment funds are available for clients to choose from, rather than a vast selection as is customary under the ‘open architecture’ model.
Premiums may be paid in US dollars, euros, pounds or United Arab Emirate dirhams. Investments made in UAE dirhams would be converted into dollars upon investment.
The minimum monthly investment is £100, €150, or $200. Additional single premium top ups of at least £1,500, €2,250 or $3,000 may be made at any time, and there is no maximum amount which may be deposited.
Royal London 360° was created in 2008 by the merger of two existing offshore life companies, Scottish Life International and Scottish Provident International. At the end of September it had funds under management of more than $2.75bn.
More information is available on its website at www.royallondon360.com.
Including the JPMorgan funds, the nine new Paragon funds are:
* JPMorgan – Global Total Return (Euro)
* JPMorgan Global Consumer Trends (USD)
* JPMorgan Highbridge Statistical Market Neutral (USD)
* JPMorgan Highbridge Statistical Market Neutral (GBP)
* Ashburton Global Chindia Equity PC (USD)
* BNY Mellon – Vietnam India and China (USD)
* Credit Suisse – Total Return Global BRIC Exposure (Euro)
* Henderson Horizon Pan European Alpha Plus (Euro)
* Threadneedle Pan European 1 (GBP)
