Hilbert Investment Solutions has updated its Defensive Income Portfolio service with the addition of three counterparties – Societe Generale, Commerzbank and Natixis.
The Defensive Income Portfolio is a discretionary management service containing 14 structured products and 6 issuing banks, it enables investors to access a diverse range of underlying assets such as the FTSE 100, EUROSTOXX 50 and S&P 500 indices.
The service targets a maximum quarterly return of 2 per cent provided that each of the structured products held within the portfolio meet their required coupon barrier level on any quarterly observation date.
The service spreads risk across the range of counterparties, so ensuring that the client should receive a coupon payment even if one structure has not met its required barrier level, thus making the service appropriate for those who seek to diversify their risk.
Dasale Mallawa-Arachi Head of UK Distribution, says: “Societe Generale, Commerzbank and Natixis are all great additions to our Defensive Income Portfolio. The service has paid our clients their 2 per cent income payments every quarter since its inception in 2016, so we continue to see an increasing demand from investors here in the UK.”