UK Wrap: Fund-linked products break FTSE domination
Skandia broke the FTSE 100 whitewash in the UK market this week, launching a clutch of products linked to a portfolio of funds that encompass US equity, property, European equity and bonds. The remaining seven products on offer all link to the FTSE index with some level of capital protection.
Among them was a capital protected fund from Scottish Widows. It has a maturity of six years and offers 150% participation in the FTSE 100 index, using averaging over the final year of the investment to level out performance. Potential returns are capped at 50%, the counterparty is Lloyds TSB and returns will be treated as capital gains for tax purposes.
Issuer
Product
Underlying
Maturity date
Skandia
T
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