Glacier by Sanlam launches Cash Option solution
26 August 2008 | Investments | General | Glacier by Sanlam
Current volatile and uncertain market conditions have left many investors seeking a safe haven for their funds in order to preserve their capital until they feel ready to re-enter the equity market.
Glacier’s Cash Option, available from September, allows clients to place their discretionary investment in a money market account and earn a high level of interest income whilst still maintaining access to their funds.
The investment attracts no annual administration fees, unlike a normal discretionary investment with a money market fund as the underlying investment option. Other benefits include ease of switching, with the client keeping the same plan number.
The minimum investment amount is R100 000.
