Man Investments is giving investors a fresh opportunity to access Man-IP 220 Limited, a flagship structured product, through new EUR and USD bond classes.
When it was launched in December 1996, Man-IP 220 was one of the first funds of hedge funds to benefit from a capital guarantee. Since then it has delivered double-digit annualised returns with a controlled level of volatility. As at 30 June 2005, it has generated an impressive total return of 255.4 per cent, approximately four times the return delivered by either world stocks or world bonds over the same period.
Additionally, the returns of the original USD bonds have been characterised by a low correlation to traditional stock and bond investments. The product has therefore offered valuable diversification to and enhanced the risk/return profile of investors' portfolios.
This impressive performance has been achieved by harnessing the complimentary investment approaches of the AHL Diversified Programme and the Glenwood Portfolio. The AHL Diversified Programme trades a diversified portfolio of managed futures markets on over 30 exchanges, while the Glenwood Portfolio is a diversified fund of hedge funds. Glenwood and AHL are two of Man Investments' core investment managers.
Investors in the new USD and EUR class bonds will benefit from capital guarantees provided by JP Morgan Chase Bank NA (London Branch) and the product will also feature a profit lock-in.
Christopher Möller, global head of sales and marketing at Man Investments, said: "Since it was launched nine years ago, Man-IP 220 Limited has delivered impressive returns and valuable portfolio diversification benefits. We are excited to offer a new opportunity to access this impressive product. These new bonds, which will only be available for a limited time, aim to continue the strong performance of the original bonds of Man-IP 220. We firmly believe that it is this performance potential combined with the security of the capital guarantees and the enhancement of traditional Investment portfolios that make Man-IP 220 such an attractive option for investors."