STANDARD LIFE LAUNCHES NEW FUND
By Adnews Staff
Standard Life of Montreal introduced a new investment fund to the Canadian market earlier this month. Called Ideal Term Fund Plus, the product is aimed at clients who are looking for a guaranteed investment offering higher interest rates and who are thinking in terms of stripped bonds. Ideal Fund Plus bears interest at 1% above other Standard Life redeemable term funds. The client chooses the investment term, between five and 10 years, and the deposit is redeemable at any time. The fund allows for different frequencies of interest payment periods. Ideal Plus requires a minimum deposit of $25,000. The fund is being promoted using direct mail to brokers done in-house.
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