Man AP Unison targets annualised returns of 14-16% for a volatility of 8-10% over the medium term. Capital guarantees provided by WestLB AG ensure investors the return of at least 100% of their initial investment at maturity. The product also benefits from a profit lock-in feature and will be offered in both EUR and USD classes.
Man AP Unison is the latest addition to the innovative Man AP product family which was established over three years ago with the launch of Man-AP Stratum Ltd. The core objective of this product family is to target conservative risk-adjusted returns. The ability of the Man AP portfolio to generate returns and protect investors' capital during difficult market conditions for traditional assets is highlighted by the performance of Man-AP Stratum Ltd, which has delivered returns of 74.8% since inception (Oct. 1999), compared to a return of -33.7% for World stocks and 26.1% for World bonds over the same timeframe.
Man AP Unison has been carefully structured in order to take advantage of the full range of Man Investments' styles from arbitrage, managed futures, directional, equity hedge and long/short equities categories. The lack of correlation between these investment styles increases the potential to produce a stable return stream with a low associated level of volatility. This approach provides an enhanced risk-adjusted investment opportunity.
Man AP Unison incorporates an enhanced principal protection structure that guarantees investors the return of at least 100% of the face value of their initial investment at maturity. In addition, provisions have also been made to include a profit lock-in feature which, subject to trading performance has the potential to elevate the level of the guarantees at maturity by locking in a portion of net new trading profits following periods of sustained profitability. The operation of both the guarantees and the profit lock-in feature are subject to the terms and conditions of the capital guarantees provided by WestLB AG.
With total assets of more than EUR 350 billion, WestLB AG is one of the leading providers of financial services in Germany. As an internationally operating commercial bank, it maintains branches, representative offices and subsidiaries in over 35 countries and employs approximately 8,700 people around the world. WestLB AG's senior debt is rated Aa1 by Moody's and AA+ by Standard & Poor's as at 11 April 2003.
"Man AP Unison offers investors the opportunity to take advantage of a versatile product that contains an impressive array of investment styles", says Antoine Massad, Associate Director and Head of Middle East and Asia of Man Investments. "This is an excellent choice of product for any level of investor on the basis that it has valuable portfolio diversification properties, a built-in guarantee and the capability of sustaining solid gains over the medium term."
Man AP Unison Series 1 Ltd will be available to investors from 5 May 2003 to 13 June 2003.
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Man Investments launches Man AP Unison
- United Arab Emirates: Tuesday, May 06 - 2003 at 15:19
- PRESS RELEASE
Man AP Unison Series 1 Ltd (Man AP Unison) is a capital guaranteed structured product that consists of strategic allocations to arbitrage, managed futures, directional, equity hedge and long/short equities investment styles.
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1 Source: Man database and standard & Poors Micropal. There is no guarantee of trading performance and past performance is not necessarily a guide to future results. Man-AP Stratum: 22 October 1999 to 31 January 2003. World stock: MSCI world Stock Index (Total return). World bonds: Salomon World Government Bond Index (Total Return).About Man Investments
Man Investments (Man), the asset management arm of Man Group plc, is an independent and global leader in alternative investments, providing innovative products and tailor-made solutions for private and institutional clients. Through its core investment managers, Man has succeeded in developing specialised strengths in different alternative asset classes - hedge funds, private equity, leveraged finance and convertible bonds. Established in 1983, Man has launched more than 200 products, many of them with leading financial institutions. It manages in excess of USD 25 billion* and employs more than 600 people worldwide. Man's headquarters are in Switzerland and London and it also has regional offices in Chicago, Hong Kong, the Middle East, Montevideo, New York and Tokyo. Further information on Man Investments can be found on http://www.maninvestments.com. *as at end March 2003.
Man Investments' principal investment managers are AHL, Glenwood, Man Global Strategies, RMF and Westport.
• AHL implements managed futures investment programmes. These programmes are quantitative and primarily directional in nature, meaning that they seek to take advantage of upward and downward price trends.
• Glenwood is a pioneer in providing multi-manager funds of hedge funds portfolios that target low risk.
• Man Global Strategies constructs and manages hedge style and multi-strategy portfolios, including structured product portfolios often with principal protection, mainly targeted at private investors.
• RMF provides fund of hedge funds and tailor-made solutions for institutional investors as well as convertible bond and leveraged finance products.
• Westport is a specialist in offering global private equity fund of funds solutions to institutional clients.
About Man Group plc
Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The Group employs over 1,900 people in 15 countries, with key centres in London, Pfäffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc was listed on the London Stock Exchange (EMG.L) in 1994 and is a constituent of the FTSE 100 index. Further information on Man Group can be found at www.mangroupplc.com.
This material is communicated by Man Investments Limited which is authorized and regulated by the Financial Services Authority. Man Investments Limited and/or any associates may have an investment in Man AP Unison. Man Financial Limited, an associated company of Man Investments Limited, is the futures and foreign exchange broker to Man AP Unison.
There is no guarantee of trading performance and past performance is not necessary a guide to future results. Investors redeeming (Bonds/Units/Shares) before the Maturity Date can do so on a (monthly) basis, but may be subject to a redemption fee subject to the terms and conditions of the Guarantee.
Information contained herein is provided from the Man database except where otherwise stated. Potential investors should note that alternative investments can involve significant risks and the value of an investment can go down as well as up. This product may not be suitable for all persons. If in doubt, seek advice from your independent financial advisor. New York and Tokyo. Further Information on Man Investments can be found on www.maninvestments.com.
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, May 06 - 2003 at 15:19 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Oct 28 2003.
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