Morgan Stanley has launched its latest tranche of 100% capital protected structured products, designed to access the UK and Asia.
The products are: the FTSE Protected Growth Plan 27, the FTSE Capital Plus Plan 16 and the Asia (ex. Japan) Protected Growth Plan 8.
The protected growth plans offer investors a potential fixed amount of growth and the ability to exit from the plans early, should markets recover by over 10% in three years.
Investors holding the plans to their five year maturity will receive 100% return of their capital, plus competitive participation in any increase in the underlying indices.
Meanwhile, the FTSE Capital Plus Plan is designed for more cautious investors and has a six year investment term.
Investors receive a minimum return of 21% regardless of market performance plus the potential to participate in any gains above the minimum level.
All plans are available from 12 January for direct investment, discretionary investment, ISA investments 2008/2009, transfers of existing ISAs and to SIPP/SSAS investors. Minimum investment is £3,000.
The deadline for ISA and direct investment is 23 February and 2 February for ISA transfers.
Capital protection is the biggest consideration of IFAs when recommending structured products to clients, according to a survey by Morgan Stanley. It is closely followed by credit rating and then participation.
The capita protection for the plans is provided by Morgan Stanley issued securities, rated A by Standard & Poor's.IFAonline
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November