BNP's Privalto range to offer capital protection

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BNP Paribas is looking to push into the intermediary space with a series of structured Oeic funds o...

BNP Paribas is looking to push into the intermediary space with a series of structured Oeic funds offering capital protection. The Privalto UK range comes to the retail market on 30 June. Capital protection is set at a predefined level and backed by the French bank, with six-year terms on each vehicle. The first sub-fund,believed to have a global remit, is due in the coming weeks before another focused offering at the end of year. Both will be run by the firm’s dedicated structured asset management team. Although each fund will have a distinct investment theme and structure, they will e...

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