Key questions as Royal Fidelity launches TIGRS
Joseph Euteneuer, Royal Fidelity’s manager of mutual funds. (Donnay Deane)
Mon, June 25, 2012 - 12:00 AM
Royal Fidelity has announced that it will be introducing a new TIGRS product – the A4 – within a matter of weeks.
And Joseph Euteneuer, manager of mutual funds, told participants at the company’s 2012 investor forum at the Lloyd Erskine Sandiford Centre recently that the A4 would be “linked” to two sectors”.
“Those two sectors would be – and some people laugh at me for saying this – the financial sector [and] the other sector would be the S&P 500 technology select sector.
“The financial sector has 81 holdings and the S&P 500 technology select sector has 79 holdings. We think that these two sectors of the United States economy have probably the best opportunity to grow at a better rate than the other sectors on an overall basis,” he said, without providing an exact date for the new five-year-term investment product.
Read the full story in today's BUSINESS AUTHORITY.
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