In March 1998 following an 'active' versus 'passive' fund management debate between Virgin and Socie...
In March 1998 following an 'active' versus 'passive' fund management debate between Virgin and Societe Generale, Scottish Life International put a challenge to the two companies that protected funds would beat both active and passive funds over a five-year period.
Only Virgin accepted the charity challenge and with five months left till the end of the five-year term, it seems like SLI has swung the last punch.
For the period between March 1998 to September 2002 Virgin's UK Growth Pep tracking the FTSE Actuaries' All-Share Index is actually down by 23.08%, according to SLI.
In contrast, SLI claim that their Protected Deposit Bonus 95 fund, which provides 95% protection on capital and a guaranteed bonus if the FTSE 100 and S&P 500 do not fall over the quarter, has returned growth of 4.91% over the same period.
It is a victory for SLI who claim that protected funds are the most pertinent in today's bear market as they allow capital to be protected in an equity-linked investment until markets begin to rise.
$17trn of debt is now ‘paying’ a negative yield
47 million Brits without financial advice
Faces substantial prison term
General election on 12 December