Skandia launches two fund-based plans with capital protection

Skandia has launched two protected portfolio investment plans that give investors exposure to the returns of a portfolio of actively managed funds with full capital protection factored in. Sales of fund-based products have risen this year, partly in response to investor concerns about credit and counterparty risk, and also as a way of offering transparency and liquidity.“Products that are fund-based can provide end-investors with exposure to an extensive range of market sectors and regi