Structured product specialist Nvesta is to launch two five-and-a-half-year protected growth vehicle...
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 launch its Enhanced Protection and Growth Plan, which, like the Triple Tracker fund, will repay investors' capital in full provided the FTSE does not fall by 50%.
Investprs will receive 70% of the rise in the FTSE with a guaranteed minimum return of 42%.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till