RaboDirect launches Protected Fund from Citigroup and Standard & Poor's

RaboDirect, part of the Rabobank Group and Ireland's only AAA rated bank, has launched  the Citigroup S&P Global Stars 80% Protected Fund to its growing range of online investment funds. Developed by Citi in partnership  with Standard & Poors' award-winning equity research team, the fund provides a global portfolio that's rebalanced every six months with the aim of outperforming the equity market. A dynamic allocation split between equity and cash guarantees investors 80% protection of the fund's highest ever unit price - giving  investors access to rising global equity markets as well as some security during more uncertain times.  

Introduced in 2006, the fund selects 25 stocks with the highest performance potential from across Europe, the US and Asia and rebalances the portfolio in June and December each year to ensure only stocks with the highest rankings and prospects for growth are on board. 

According to Killian Nolan, Investment Manager at RaboDirect, "Through exposure to a research-based portfolio of global stocks, this fund combines the highest possible ratings from Standard & Poors with excellent diversification and reduced risk thanks to the 80% profit lock-in. It offers a good long-term home for regular investments and a stable shelter for single lump sum investors during more turbulent times for the investment market."

As with all 45 RaboDirect investment funds, the minimum investment is only €100 with the fund provider's management fee of 1.75% per annum included in the daily fund price. Exit fees are 0.75% and investors can exit the fund partially or in full any time they like, as there are no additional early encashment penalties or switching costs.

The Citi S&P Global Stars 80% Protected Portfolio Fund is RaboDirect's 'Fund of the Month' for November and is available at the reduced entry fee of 0.25%. Click here for further information on the fund or watch an exclusive video from the Fund Manager. 

-Ends-