Skandia International has launched a fund aiming to offer full capital protection while capturing positive performance from the FTSE 100 Index.
The Royal Skandia GBP Protected FTSE TM 100 fund is targeted at investors concerned with the current volatility in world stock markets.
It’s objective is to return at least 100% of the contribution at the end of a five-year term, though it targets an investment return of 152% of the average growth of the FTSE 100 index.
Morgan Stanley will provide the protection element of the fund.
The fund, which is available exclusively through the Royal Skandia Executive and Collective Offshore Bond products, is open for investment for another eight weeks.
Proceeds from the fund raising will be invested for five years. At maturity, the value of the holding will be switched into the Royal Skandia GBP Deposit fund. Thereafter, investors will have access to the full range of assets available to the Royal Skandia Executive and Collective Bond products.
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