Hargreaves Lansdown warns against protected funds

At the height of the drop last week, the FTSE 100 fell about 10%, and Hargreaves Lansdown says the response from providers coul be to try actively marketing protected products. However, it says if ever there is a time to buy protected funds, it is when markets are at a peak. “With investors both nervous and worried, we suspect the response from some of the fund industry will be to market protected products,” Hargreaves Lansdown says. “The vast majority of protected products are poor value, expensive and over marketed – especially at times of volatile stockmarket conditions.” It says...