Friends Provident is to launch its second constant portfolio protection insurance (CPPI)-based produ...
Friends Provident is to launch its second constant portfolio protection insurance (CPPI)-based product into its Investment Portfolio Bond (IPB) in June, providing exposure to Ted Scott's £535m Isis Stewardship Growth fund. The Stewardship Safeguard Optimiser fund will invest in a mix of Scott's fund and the BGI Liquidity Plus cash product, with the exposure to each being decided by a CPPI formula dictated by market movements. The link to the ethical fund follows the introduction of the UK Safeguard Optimiser fund, which was launched in December 2003 and works in exactly the same way excep...
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