Barclays Wealth is launching a three-year version of its Super Tracker to meet mounting demand for short-dated investments able to boost returns in a low growth environment.
The new Super Tracker, open until 29 August, offers three times the rise in the FTSE 100 up to a maximum of 45%. This means investors will receive the full term if the index rises by 15%.
As with the five-year version (launched earlier this month with investments including the Protected FTSE Plan) the three-year Super Tracker will return investors’ full capital unless the FTSE 100 falls by more than 50% from its initial index level and is not at least equal to or higher than the initial index level at maturity, in which case capital is lost on a 1:1 basis in line with the index.
Colin Dickie, director, Barclays Wealth, says: “Our five-year Super Tracker has been a regular offering to intermediaries; however we have experienced significant interest in a shorter-dated alternative.
"Having launched shorter dated Super Trackers in the past, we know there is appetite for this type of structure and with a number of maturities imminent, it makes sense to have an attractive investment for investors to roll-over into.”
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