Corazon Capital, the Channel Islands and Geneva based independent investment manager, has announced the launch of the Managed Income Service.

Corazon Capital, the Channel Islands and Geneva based independent investment manager, has announced the launch of the Managed Income Service.

The service is designed to meet the needs of investors who hold cash but are concerned about the very low returns they receive. It aims to provide clients with returns of around four per cent per annum in excess of cash returns after fees.

It will only allocate to investment grade corporate bonds, with a target portfolio average rating of A-. The firm will select 20-25 issuers across a range of industries, sectors and geographical regions, with a bias away from financial service issuers and towards household names with solid, well understood businesses.

Investors will receive an investment service tailored to meet their personal needs. Amongst other benefits, Corazon can facilitate account opening in clients' preferred jurisdictions, and distribute or re-invest interest received in accordance with investors' instructions. 

Joseph Paul, director of Corazon Capital (pictured), says: 'At Corazon we take time to listen to our clients and take pride in our ability to create tailor made investment solutions. Over recent months we have spoken to a number of people who are frustrated. They have retreated to the relative safety of cash but given the prevailing interest rate environment, are concerned about making a real return. Based on this feedback we are pleased to announce the launch of the Managed Income Service - a service that is built simply on five key characteristics - active management; daily liquidity; complete transparency; investment security and enhanced yield.''

Investment in to the Managed Income Service can be in Sterling, US dollars or Euros. The minimum investment amount is GBP300,000, USD400,000 or EUR300,000 with a maximum fee of 0.5 per cent per annum.