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AURORA
PCP International Marketing Ltd., Cyprus
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No Initial charges
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110% allocation on day one 1
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7% to 9% annual growth target (net of all charges)
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Freedom from fluctuations in equity markets, and interest rates
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1.25% annual management charge (Usual industry average is around 3.00%)
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Minimum Investment only USD10,000 or EUR10,000
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Seven Years investment (no exit charges thereafter)
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Regulated Mutual Fund
1This means that an investment of, say, $100,000 is immediately
credited as $110,000.
An investment of $15,000 shows as $16,500 on day one.
Introduced in September 2006 the AURORA fund dovetails perfectly with our view that, in today’s financial environment, investors are well advised to hold part of their capital in an area where it is guaranteed not to suffer loss and is, as near as possible in this world, certain to produce satisfactory returns.
How it works:
AURORA invests in two areas:
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1. US Traded Life Insurance Policies— TLPs
The TLP market allows people, usually elderly, to access funds from a life insurance policy during their lifetimes.
By selling the policy before it matures they can pay off mortgages, meet medical or long term care costs etc.
The value of the policy at maturity is assured and as the fund buys at a discounted price, the amount of income to the fund is known in advance.
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2. British Traded Endowment Policies—TEPs
TEPs are one of the simplest and most reliable investment vehicles on the market.
A TEP is simply a traditional with-profit endowment life policy that has been sold by its owner before it matures.
Valuable locked in benefits make TEPs an extremely useful component in any investment plan as they offer a virtually guaranteed return based on current surrender values.
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