Scottish Life International is launching a computer driven investment fund.
The Protected Multi Index Fund is linked to the FTSE 100, S&P 500, Nikkei 225 and Dow Jones EuroStoxx 50 stockmarket indices.
The asset allocation of the fund is determined by an innovative computer forecasting model developed by Dresdner RCM Global Investors.
Investors can choose what level of risk they wish their capital exposed to by choosing one of six levels of protection ranging from 95 per cent to 100 per cent.
Scottish Life International communications manager Lesley McPherson says: "Until now conventional index tracking and active management investment strategies have dominated the retail investment arena.
"The introduction of the fund provides a ground breaking new alternative for investors. The funds use a computer-generated strategy to enable investors to profit from growth potential investment diversified across the world's major markets with the peace of mind of a defined level of capital protection each quarter."