Nvesta funds linked to FTSE

Structured product specialist Nvesta is to launch two five-and-a-half-year protected growth vehicles in February, linked to the FTSE 100 Index. The Nvesta Triple Tracker fund will return three times the gains in the index, up to a maximum of 75%. The fund is effectively 300% geared, meaning for every 1% the FTSE 100 goes up, investors in the product will get a 3% return. Investors will receive their original capital in full unless the FTSE falls by 50% or more during the life of the investment and fails to recover to the level at which it started the term. Nvesta is also set to la...