NatWest International Personal Banking has launched the Autopilot International account, now in its 9th issue.
The Autopilot International range, sold through NatWest’s international wealth management service, has continued popularity since inception in March 2008 and there has been an 11 % increase in year on year sales.
Autopilot International is a diversified and dynamic account with a monthly management strategy that links to the performance of a market sector when the markets rise and diverts to cash when they fall.
The account has a diversified portfolio of four market sectors - Developed Equities Market, Emerging Equities Market, European and Asian Real Estate Equities Market and Gold.
The deposit is split equally i.e. 25% of the deposit in each of the sectors, and the account performance is capped at 8% in any one month (9% for EURO and USD accounts).
The Autopilot International account is 100% capital protected if the deposit is held until maturity. The minimum deposit amount is £10,000 and the account is available in a choice of three currencies - sterling, euro or US dollar.
Alan Evans, head of international wealth managers at NatWest IPB commented: “The Autopilot International account has had strong customer feedback and a healthy pick up and remains a popular option. In response to this, we are offering this product to new customers with the launch of Autopilot International issue 9.
“The account provides customers with the possibility to link their wealth with up to four different market sectors. Autopilot International simplifies portfolio diversification and asset allocation by using a rule-based strategy that allocates their deposit carefully. Having received such a continued positive response to the range from our customers we are confident it will continue to be a successful strategy."
