Glacier by Sanlam launches new structured product
21 February 2011 | Investments | General | Glacier by Sanlam
Glacier has launched a new structured product, the Secure Equity Note (SEN) sinking fund policy, underwritten by Channel Life Limited.
The SEN offers the investor capital preservation, together with participation in the growth of the index.
The minimum investment amount is R500 000 and the product has a minimum term of five years.
Duane Littler, a product manager at Glacier, said that the product is targeted at the slightly more conservative equity investor requiring capital preservation.
