Friends Provident International has launched an 80 per cent global growth protector fund.
It says the fund aims to generate unlimited returns from a dynamically managed basket of equity assets at the same time as protecting against downside risk, using fixed interest and deposit investments.
The fund is backed by BlackRock and HSBC, providing an exciting combination of growth and protection with a high emphasis on the developing equity markets.
The fund has an initial 30 per cent bias towards the Asian-Pacific region and the remainder is diversified globally in more developed markets.
The 80 per cent global growth protector fund is available as a direct collective fund via the FPIL Reserve Bond and has an annual management charge of 1.2 per cent a year. A mirror fund is also available called the global growth protector fund and has an additional annual administration charge of 1.2 per cent.
The 80 per cent protection mechanism is applied to the underlying collective only.
FPI funds marketing and research manager Jim Henning says: “This exclusive new fund is a welcome addition to our rapidly evolving investment proposition. It is a protected fund concept that has been designed to offer investors unlimited growth potential with the added spice of high emerging markets exposure but not losing the other essential ingredients of risk control and flexibility.”