Zurich rolls out Global Protected Profits fund

Zurich has unveiled a global index-linked fund which guarantees its price will not fall below 80% of the highest level reached.

Each time the fund’s price achieves a new high, the protected price also increases. Aimed at medium- to long-term cautious investors, the Global Protected Profits fund comprises an investment portfolio and a cash component. While the investment portfolio is linked to a basket of equity, bond and commodity indices covering the UK, Europe, US, Japan, emerging markets and commodities, the cash element invests in financial derivatives based on the overnight sterling money market interest rates. The split between the two portfolios is reviewed daily, with the potential for 100% exposure...