Principal-protected fundsOriginally posted by thehitman
Looks like the funds that are principal protected are the best way to go. What kind of funds are these, and which companies provide them?
I visited Sun Life's website, but their descriptions in the mutual funds page are beyond what my poor brain can comprehend. I guess it doesn't help that I only had 3 units of accounting in college...
Locally, I am not sure which ones offer principal protection. I have however seen proposals from principal-protected funds from foreign houses like SBC Warburg and JP Morgan.
All I can tell you about Sunlife is that they have a very competent team of fund managers. I have made acquaintances with some of them, and in terms of competence and ethical standards that they are required to follow, you probably cannot ask for something better, locally. Of course the marketing officer is a different animal altogether. If I recall may PExer dito who sells Sunlife Fund.