Pinder Fry & Benjamin note

Pinder Fry & Benjamin (PFB) will close the offer period for its eight-year guaranteed product for UK retail investors with at least £10,000 to invest, around 21 March. The product, linked to the FTSE Hedge Directional index, which holds 20 underlying funds, can take exposure to the index of up to 150%. The guarantee for the Channel Islands-listed fund is underwritten by the Royal Bank of Scotland. Simulated annualised performance of the Directional Index is 14.3%pa over the past seven years, according to PFB, and its simulated annualised volatility is 6.6%, compared with 15.2% for the FT...