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Tender Details
- Country: United Kingdom
- Summary: Lord Chancellors Investment Fund
- GBT Ref No: 75930606
- Deadline: 30 Dec 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 738000
- Notice Type: Tender
- Document Ref. No.: tender_309226/1154663
- Purchaser's Detail :
- Description :
- Title : Lord Chancellors Investment Fund
Location Of Contract : Any region
Industry : Investment banking services and related services - 66120000
Value Of Contract : £738,000
Description : The CIF currently contains one product, the Equity Index Tracker Fund, which is for higher value clients. It is based on three underlying funds: Future World UK Equity Index, Future World Developed Equities Index and Global Emerging Markets (L class). The total Fund is split 55%, 35%, 10% among these three vehicles.Total value of the Fund as at 31 March 2022, value circa £95.7m covering circa 4,820,051 units. The Lord Chancellor also manages a range of lower value or shorter term client deposits out with the CIF via deposit accounts currently paying 1.25% - see additional information for further details.The Authority wishes to revisit the market in order to establish whether there may be other suitable investment products for a new arrangement covering both the current CIF funds and also some circa £100m - £200m of the other funds.The aims of any future product within the CIF would be to provide relatively secure investment returns (medium to low risk) and capital growth for those with less to invest and/or a shorter term horizon. This might require more than one product to cover the differing needs in terms of shorter term and longer term clients, or providing for clients who may have a need for income as well as capital growth. Protection... - Documents :
Purchaser : MINISTRY OF JUSTICE
102 Petty France London SW1H 9EA England
Email :ccmdfinancialservices@justice.gov.uk
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