Foreign and Colonial launches German charity fund
GERMANY – Foreign & Colonial (F&C), has begun marketing a new fund aimed at German charities, F&C HVB-Stiftungsfonds, which has already raised €40m in the pre-marketing stage.
The fund will follow the same principles as the £400m (€640m) F&C High Income Plan in that it seeks to provides a relatively low risk source of high annual income.
The fund is marketed and distributed exclusively by HypoVereinsbank in Germany.
F&C currently provide €3bn in structured products to the German market.