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Foresight launches new Smart Bonds Fund


Foresight Group (Foresight) has launched Tranche A of its innovative Foresight Smart Bonds Fund, which offers investors the choice to invest over one-, two- or three-year fixed terms for between 4.07 per cent and 4.83 per cent rates of interest per annum.

The Fund, which Foresight says is the first of its kind, offers a funding solution for the UK roll out of smart meters. The funds raised will generate returns by lending to companies that own, operate and rent installed Smart Meters to UK energy suppliers.
Foresight Smart Bonds Fund Tranche A, the first tranche to be deployed, will remain open to investors until [15.09.2017], and is targeting a maximum fundraise of GBP10 million, delivering the choice of simple interest between 4.07 per cent and 4.83 per cent depending on the term chosen (one, two or three years) and interest payment preference (annual or at maturity).
Foresight plans to issue further Tranches in due course, and details will be published on Foresight’s website. 
Foresight has a five year track record of funding smart meter installation in the UK, having to date invested GBP74 million of debt and equity into more than 160,000 smart meters across the UK, and having launched Foresight Metering, a second generation Meter Asset Provider (MAP) in early 2016.
The fund has a minimum investment of GBP10,000 and no maximum, with investors allocated on a first come, first served basis. As such, advisers who have clients who might be interested are encouraged to apply early so as not to be disappointed.  Interest payments are paid annually or on maturity depending on the choices of the investor. Foresight can facilitate adviser charges from the investment if so required by the investor but the manager levies no initial, annual management or exit charges agains the investment.
Bernard Fairman (pictured), Chairman of Foresight, says: “Foresight has a specialist focus on energy infrastructure and energy efficiency combined with a proud tradition of innovation in creating investment solutions that respond to investors’ needs. We manage funds for more than 22,000 private investors and for some of the world’s leading financial institutions, and our innovative Foresight Smart Bonds Fund is a good  example of providing investors with market leading risk adjusted returns whilst improving the energy infrastructure across the UK. We call it investing for a smarter future.”

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