IFSL Harewood UK Enhanced Income - new rating
By JANE KOTCHKINA 28/05/2010
Harewood has launched a UK open ended version of the Guernsey incorporated investment company Harewood BNP UK Enhanced Income GBP (UKE). The fund seeks to generate an annual yield of 8% (paid quarterly) by using dividend payments of underlying companies and a daily call overlay strategy. The capital performance is linked to the FTSE 100 index with the call overlay providing cushioning in case of market falls. The new fund is UCITS compliant, capital returns are subject to capital gains tax and dividend payments are taxed as income. This fund has been awarded a three star rating, in line with the existing Guernsey investment company, which has almost an identical mandate.
Market latest
|
Index
|
Points
|
+/-
|
| FTSE 100 |
5907.12 |
0.29%
|
| FTSE 250 |
11197.00 |
0.03%
|
| FTSE All Share |
3049.08 |
0.25%
|
| FTSE Euro 100 |
2253.59 |
0.59%
|
| S&P 500 |
1347.05 |
0.20%
|
| Nasdaq |
2904.08 |
0.07%
|
| Hang Seng |
20699.19 |
0.05%
|
| Nikkei 225 |
9015.59 |
1.10%
|
Values delayed by at least 15 minutes.
Source: Financial Express