Skandia International has launched a new offshore protected fund linked to five well-known region specific global vehicles.
Available via Royal Skandia’s offshore portfolio bonds, the Protected Portfolio Investment Global Vista life fund is open for investment until 15 August.
The PPI Global Vista offers 100% capital protection, with an additional 100% of the quarterly averaged growth at maturity. In addition, it offers an enhanced 104% allocation.
Unlike many current protected offerings, the Global Vista is linked to five equally-weighted funds - not a particular index.
The five funds are:
- AXA Framlington Emerging Markets
- Henderson European Opportunities
- Invesco Perpetual Global Bond
- M&G Global Basics
- Schroder US Smaller Companies
The fund has a fixed five and a half year term and will return final redemption value to the bond at the term end, with clients given the chance to reinvest proceeds into an alternative investment choice.
PPI Global Vista launches on 1 September and will reach maturity on 17 March 2014. The fund opens with a 100p unit price.
“This latest PPI offering replicates the successful format of previous versions but, by linking the investment returns to a basket of internationally flavoured funds, widens its appeal across our customer base,” Skandia International investment proposition head Steve Ellis says.IFAonline
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