Investec Structured Products is set to launch its first UCITS fund which will be available via wraps and platforms later this month.
Objectives Returns, a structured investment proposition providing investors with pre-defined equity-linked returns and protection from counterparty risk, will be available in April in what will be the firm's first open-ended product launch.
The FTSE 100 Enhanced Kick-Out Series 1, Objective Returns Plc's first sub-fund, will be available from mid to late April, with the initial FTSE 100 reference level being set in late May. Additional sub-funds will launch over the course of the year.
It will be accessible through both wraps and platforms and the minimum investment will be £3,000. Returns will be dependent on the performance of the FTSE 100 and the fund will place capital at risk.
The firm will provide further information once the fund is authorised.
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