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JPMF and Schroders eye index-linked arena

JP Morgan Fleming and Sch-roders are looking to launch into the guaranteed index-linked product market following the recent success of prov-iders such as NDF.

Over the last 18 months alone, NDF has sold around £600m of its income & growth products while many traditional active fund managers have been struggling to sec-ure new business due to the volatile markets.

Index-linked guaranteed products have traditionally been set up by administrative houses such as NDF or building societies and life offices.

But both fund managers are looking at setting up launches later this year.

Schroders PR Manager Susan Bell says: “We are looking at a number of different types of funds and one of these is a structured product, but no formal decision has been made yet.”

NDF managing director Anthony Stack says: ” It is complementary to what they do as investment managers. From the NDF perspective, if it increases awareness of the product by bringing in one or two major names, then I do not think it does any harm. I think there is plenty of room for new entrants into this market.”

JPMF head of IFA distribution Barry Richards says: “This is in the lab stage rather than ready to hit the streets.”


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