By Eric Msikiti:
Old Mutual Life Assurance Company unveiled an investment vehicle for high-risk corporate entities dubbed Market-linked Fund on 6 February 2024.
The firm has since reiterated its commitment to bringing more solutions crafted to meet customers’ evolving needs.
Old Mutual Life Assurance Company Managing Director Roy Punungwe said the new fund will provide an additional vehicle to the Guaranteed Fund.
“The Market-linked Fund has been developed to address some preferences raised by our corporate customers, especially with regards to having more choices,” Punungwe said.
He described the new fund as a pooled investment vehicle where the value of the fund is determined by the market value of underlying assets.
He said the fund will be invested in different asset classes including equities, bonds, property, and alternative investments which will be managed by a professional asset management team.
“We need to acknowledge and guide that this solution is more appropriate for corporate customers that have a high-risk tolerance,” Punungwe said.
Old Mutual Life Assurance Company Head of Sales and Distribution Grey Tewete said the product will not offer capital guarantees.
