Arc Capital & Income today announced a capital protected bricks and mortar fund based on the Halifax House Price Index (HPI).
The fund will produce a profit even if the index falls by 30% from the start of the plan, with no cap on upward growth. The plan has a six year term starting from 29 August 2008, and performance is measured with reference to 70% of the HPI at the start of the plan. Furthermore, if the index rises, then growth will equal the rise in the HPI plus 30%, with no cap on returns. If the index does fall below 70% of its initial value, then no growth will be paid but capital will be returned in full. Christopher Powell, head of product development at Arc, says: “Clearly the short term view of th...
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