New Close fund targets 200pc return

The Guernsey-domiciled, London-listed fund will invest in equally in oil, copper, aluminium, zinc, nickel, sugar, corn and wheat. The offer period for the fund closes at the end of the month and it is expected to wind up after six years. The fund, similar to a product launched by Close two years ago that had gold instead of soft commodity exposure, is eligible for ISA and PEP investment, has no cap on the potential return and 100pc capital protection at maturity. Roland Kitson, sales and marketing director for Close, said: “The Close Enhanced Commodities fund II offers investors ex...