Funds that offer private banking clients’ portfolio returns are being launched in March by the creators of the FTSE Private Banking Index series.
Investment benchmark providers Solutions for Wealth Capital Management, the parent company of Private Banking Limited Group, is launching two funds that invest in the FTSE Private Banking Balanced Index and Growth Index respectively across four currencies. More than 40 international private banks contribute their allocations for the production of the indices, and returns have been impressive.
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