Investment company Scottish Widows has launched a new scheme, its Capital Protection Fund 10, which will take advantage of any upturn in the economy while protecting any losses.
The CPF 10 is for cautious investors who are concerned about the possibility of losing money but who can afford to leave their money for six years.
Seventeen per cent of the UK currently holds investments in stock, shares or cash Isas, but capital security is necessary to encourage others to invest .
Gordon Greig, head of savings and investment at Scottish Widows, said: "Our new Capital Protected Fund is ideal for those who want to benefit from the potential upside of the stock market, but would like the peace of mind of knowing that they will be protected if the FTSE index falls."
The minimum investment for the OEIC form of the investment is £3,000 with a maximum of £250,000, but an Isa form is also available, with a maximum of £7,200.
Recent research showed that one-third of British people believed that they would regret not investing during the current economic period.
Scottish Widows launches new investment scheme
Scottish Widows launches new investment scheme
Thu, 12 Mar 2009
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