Standard Life Ireland has launched the Standard Life Barclays Multi-Asset Protected Fund in response to client demand for a partially-protected, low-risk fund.
The portfolio insurance-type product has risky assets linked to the Multi-Asset Protected Fund (maximum allocation 75%) and non-risky assets linked to cash (maximum 100%).
At redemption, the product returns the greater of fund value and 85% of the highest level reached by the portfolio during the investment period.
Head of marketing Brendan Barr said, "For investors, it fills a gap in our offering between deposits and other investment funds."
Assets are provided by Barclays Bank, rated AA- by Standard & Poor's. There is an annual management charge of 1.95%.
This product is available now in Recent Additions (Ireland).