Skandia offering uses portfolio of actively managed funds

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All wrapped up

Skandia has launched two protected portfolio investment plans, giving investors exposure to the returns of a portfolio of actively managed funds with full capital protection factored in. The sale of fund-based products has increased this year, in response to investor concerns about credit and counterparty risk, but also as a way of offering transparency and liquidity. The Protected Portfolio Investment Plan is a six-year investment, tracking an equally weighted basket of UK funds, consisting