SEI offers initial Dublin CPPI

Scottish Equitable International (SEI) has added the first offshore CPPI (constant proportion portfolio insurance) product to its Dublin fund range. The Protected Growth fund is expected to be the flagship fund in SEI's recently launched cautious range. It gives investors sterling exposure to some of the upside of equity investment returns, while limiting the downside potential by providing protection for a proportion of the investment and its future growth. Equity exposure in the fund is linked to the FTSE 100 tracker managed by Merrill Lynch, which also includes dividends from compani...