Skandia is launching the second tranche of its fixed term Protected Multi-Manager Plan at the end of...
Skandia is launching the second tranche of its fixed term Protected Multi-Manager Plan at the end of the month.
The Plan offers two strategies each with a six and a quarter year term.
Both strategies invest in four underlying funds, Fidelity UK Special Situations, Schroder Mid-250, Invesco Perpetual Corporate Bond and Norwich Property. This breaks down as 25% of the portfolio in the Invesco and Norwich funds and 30% and 20% in the Fidelity and Schroder funds, respectively.
The maximum protection option offers 100% capital protection and the average quarterly returns of the underlying funds over the 25 quarter term.
The strategic growth option offers 80% capital protection and two times the average growth of the underlying investment funds.
The Plan is fully Isable and offers 3% commission to intermediaries. Minimum investment is £5,000 and the offer period runs from 28 May to 16 July.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress