Jubilee products to 'mirror' Keydata plans
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Jubilee Financial Products (JFP) is launching a range of funds designed to mirror those offered by Keydata – a structured product provider that went into administration last week.
The firm says it is responding to calls from advisers whose clients had wanted to invest in Keydata’s products before the business folded.
JFP’s range will have the same income and growth targets, the same degree of credit risk, and the same fees and commission.
Ian Millward, the firm’s head of distribution, says the “replacement” vehicles will help support the structured product market at a difficult time. The products will close for subscription on August 7.
JFP also has plans to launch several new funds over the coming months, including a balanced portfolio fund of funds and a hedge fund range.
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