Aviva Ireland has launched Aviva Ireland Protected Growth Fund, a CPPI-type offering with capital protection from BNP Paribas.
The product offers the greater of the fund value and 80% of the highest-ever NAV at maturity.
Actuary Michael Sharpe said the fund was designed to give growth potential from three strong investment stories - commodities, corporate bonds and Eurozone large companies.
The fund is available as an option on Aviva's investment, post-retirement and pension products. The fund is open ended and investors can switch in and out at any time in a 'mix-and-match' set of other Aviva funds.
This product is available now in Recent Additions (Ireland).