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Article: Product matters. (News).(Scottish Equitable's new managed funds)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- October 10, 2002
- Author:
CopyrightCOPYRIGHT 2002 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scottish Equitable has closed its with-profits funds to new business and replaced it with two smoothed managed funds. It has somehow been given permission to call these funds the with-profits growth fund and the with-profits cautious fund, a move likely confuse potential investors.
That said, while many funds have claimed to be an alternative to with-profits, these new funds probably get the closest to achieving that aim. The funds do have some distinct advantages over with-profits funds. They offer greater transparency for investors, who can clearly see what their underlying fund has returned and how much is attributed to their policy.
Investors should ...