Capital-protected structures with active management flexibility take centre stage as new formula funds mark a shift toward adaptable, long-term equity exposure with protection.

Vega Investment Managers (Vega IM) is stepping up its ambition in the structured funds space, introducing a new wave of capital-protected and formula-based solutions that blend traditional protection features with active portfolio management. Traditional index-linked products are rule-based; the structure defines the exposure and you’re locked in until maturity -  Oumar Diawara  Following the launch of three new formula funds, including the flagship VEGActive Protég&ea