View more on these topics

Skandia MultiFunds – Protected Portfolio Investment

Skandia MultiFunds

Protected Portfolio Investment

Type: Capital-protected bond

Aim: Growth linked equally to the performance of the Artemis income, Schroder UK mid-250, New Star UK alpha, Norwich property trust and Invesco Perpetual UK corporate bond funds

Minimum-maximum investment: £3,000-no maximum, Isa £7,000

Term: Six years

Return: Assured return – the greater of 17 per cent of original investment or 50% of the growth in the underlying portfolio, absolute return – 70% of the growth in the underlying portfolio, averaged return maximum protection – 100% of the growth in underlying portfolio, averaged return strategic growth – 200% of growth in underlying portfolio

Guarantee: Assured return – Original capital returned in full along with 17% of original investment at the end of the term regardless of performance of underlying portfolio, absolute return and averaged return maximum protection – Original capital returned in full at end of term regardless of performance of underlying portfolio, averaged return strategic growth – 80% of capital returned at end of term regardless of performance of underlying portfolio

Closing date: August 18, 2006, August 3, 2006 for Pep/Isa transfers

Commission: Initial 3%

Tel: 023 8033 4411

Recommended

Fears over change of ownership

The IMA represents the UK-based investment management industry. Our members include independent fund managers, the investment arms of retail and investment banks and life insurers and the mana- gers of occupational pension schemes. They are responsible for the management of approaching 3tn of funds (based in the UK, Europe and elsewhere), including authorised investment funds, […]

FAS fight as Altmann faces up to Hutton

A war of words has erupted between campaigner Dr Ros Altmann and Work and Pensions Secretary John Hutton over the Government’s rejection of the Parliamentary Omb udsman’s report into pensions. Altmann has branded the Financial Assistance Scheme as “political spin” while Hutton has defended the FAS in an open letter to a national newspaper, saying […]

Gudgeon appointed chief executive of Close Brothers.

Martin Gudgeon is to replace Richard Grainger as chief executive of independent corporate finance house Close Brothers. Gudgeon currently runs Close’s European special situations fund while Grainger will become executive chairman of the group after five years in the chief executive role.At the same time present co-chairman Sir Mark Wrightson will step down from the […]

Industry shocked by Hips “cop-out”

The mortgage and housing industries have reacted with shock to the news that the Government has made Home Condition Reports voluntary as part of the Home Information Pack regime. Many see the U-turn as a major blow to consumer confidence in the sellers’ packs, but some experts see the move as a positive one. The […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment