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Eurostoxx-linked fund is protected

Schroders Unit Trusts is to launch a structured growth product designed to give capital protection and linked to the Eurostoxx 50 index.

Schroders believes the product will be attractive to nervous investors. Capital is 100 per cent protected. Returns are linked to average growth in the Euro-stoxx 50 over five years.

The Dublin-based product is awaiting approval from the Central Bank of Ireland and is expected to be available in October. Initial commission is expected to be at least 3 per cent.

Schroders is targeting the product at the intermediary market and it will be backed with a national advertising campaign and marketing support documentation for IFAs.

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