Investment management firm Managing Partners Group (MPG) has released a cash fund that gives investors the option of a credit card secured against their invested assets, allowing investors to use it as a cash fund that gives a high rate of interest.
The Liquidus FX Fund is aiming to achieve long-term capital growth and invests in a global currency portfolio that leverages an algorithm.
The fund is domiciled in the Cayman Islands, targets institutional and high-net worth investors and is a possible sign of things to come from an innovation perspective.
Jeremy Leach, chief executive officer at MPG said the product allows institutional and qualified investors to earn a rewarding return on their cash holdings with monthly liquidity.
“High-net worth investors have the added option of accessing their assets through an Insignia credit card with quarterly billing and all the added benefits that it offers, while the fund can also be included in a personal portfolio bonds, wraps, self-invested personal pensions and QROPS [qualifying recognised overseas pension schemes],” said Leach.
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