Premier Fund Managers has launched its fifth structured product, the five year fixed term Premier Ex...
Premier Fund Managers has launched its fifth structured product, the five year fixed term Premier Extra Income Plan.
Investors receive either an annual income of 6.25% or 0.5% monthly with a growth option of 34% over a five-year period.
At maturity 100% of capital is returned provided the Dow Jones Eurostoxx 50 does not drop below 70% of the start value, which is calculated from 21 February 2003. If the index drops below the 30% safety threshold, capital is reduced by 1% for every 1% the final value is below the start value.
Minimum investment is £7,000 and the product is fully Isable and suitable for Pep transfers. Maximum investment is £1,000,000 and interest of 4% is payable on monies received before the start of the investment period, which is 22 February 2003. The Premier Extra Income Plan matures on 21 February 2008. Intermediary commission of 3% is payable.
Jonathan Fry, managing director of Premier Asset Management, said the Extra Income Plan offers attractive levels of growth for an acceptable level of risk.
Over the three years to the end of November, the Dow Jones Eurostoxx 50 Index has returned -34.38% on a total return basis.
For further details call 0800 212 577.
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September