Old Mutual offers South African inflation link

Old Mutual Asset Managers has created an inflation-linked option for pension investors. The product, CPI Guaranteed, offers a minimum return of consumer price inflation (CPI), but actually targets CPI plus 3%. The company said the product is appropriate for funds with older members looking for ‘cash plus’ returns, or those seeking an absolute return with a built-in guarantee. The announcement came as Old Mutual also launched a pension guarantee for South African investors in its three Profile po