25 September 2006. Strong demand from advisers and their clients for capital protection has seen Zurich's Tracker Protected Profits Fund (TPPF) pass the £30m mark in its first year.
TPPF was added to Zurich's Protected Profits range in August 2005 following demand for a tracker option with a global passive fund management approach. Using the global equity index tracking funds from HSBC, TPPF is available through Sterling's ISA, PEP Transfer Plan and Investment Account, as well as through the Sterling Investment Bond and selected Zurich pension products. The protected profits range, which also offers an actively managed MultiManager version, offers the benefits of capital protection as well as stockmarket linked returns. TPPF already provides protection of nearly 90% on the original investment plus current growth of approximately 8.9%.
Commenting on the milestone, Pete Davis, Funds Development Director at Zurich, said:
"TPPF is the most recent addition to our protected profits range and has proved extremely popular. The range, which now has a total of £1.8 billion under management, was designed in response to growing demand from intermediaries, and their clients, for a range of more cautious investment products. The concept of providing protection as well as performance was an immediate hit and one we have been keen to build on through both the multi-manager and tracker options."
For further information, please contact:
Nicola Bryson, Senior Media Relations Consultant - Life, Tel : 01793 503354
