Man Investments has launched Man Multi-Strategy Series 6 Ltd (Series 6), a 120% capital guaranteed structured product.
Series 6 will target medium-term annualised growth of around 15-17% while aiming to restrict volatility to around 10-12% and will be available in both USD and Euro Class Bonds. The principal protection structure of Series 6 guarantees investors a return of at least 120% of the face value of their initial investment at maturity.
Christoph Moeller, Man's Managing Director of global sales and marketing, said: "By incorporating 120% capital guarantees into an already attractive investment opportunity, Man has once again demonstrated its ability and commitment to providing investors with innovative alternative investment products."
The original Man Multi-Strategy product, Man Multi-Strategy Guaranteed Limited, was launched over three years ago. It was the first product to offer investors access to a comprehensive selection of investment strategies spanning the greater part of the hedge fund spectrum. With Series 6 Man Investments is offering investors another opportunity to access this product structure.
The track record of the first product in the Man Multi-Strategy family has demonstrated the ability this type of vehicle has to provide portfolio diversification. As at 31 August 2003, Man Multi-Strategy Guaranteed Limited has generated a total return of 44.8% since its inception. This performance compares to a loss of 30.3% in world stocks over the same period.
Series 6 incorporates an enhanced principal protection structure that guarantees investors the return of at least 120% of their initial investment at maturity.
In addition, provisions have been made to include a profit lock-in feature which, subject to trading performance, has the potential to elevate the level of the guarantees at maturity by locking-in a portion of net new trading profits following periods of sustained profitability. The operation of both the guarantees and the profit lock-in feature are subject to the terms and conditions of the capital guarantees provided by ABN AMRO Bank N.V.
Man Multi-Strategy Series 6 Ltd will be available to investors from 27 October to 5 December 2003 with a possible extension to the offer period.