BNP Paribas launches protected OEIC range in UK

The group has already rolled out funds to European intermediaries but is now keen to break the UK market. Each fund will have a distinct investment theme and structure. However, all shares are protected at a pre-defined level and are backed by BNP Paribas bank (rated AA+). The funds will offer real liquidity with daily dealing at NAV, no exit fees and no bid-ask spread. The Privalto funds will be available on major fund supermarkets, life and pension platforms. They will also be eligible for ISA/SIPP/SSAS and can be used for investment bonds, including offshore bonds and capital gains t...