NatWest International Personal Banking (IPB) is poised to launch a fourth issue of Autopilot, its capital guaranteed structured deposit account, available in sterling, US dollars and euros.
Aiming to maximise growth using a monthly management strategy, Autopilot provides a diversified portfolio, tracking the performance of four market sectors when they are rising and diverting to cash when a falling trend is identified.
The initial capital payment is protected, provided it is deposited for the full five-year term, according to NatWest IPB.
Performance is weighted equally across four sectors: developed equity markets, emerging equity markets, property and gold.
On a monthly basis, the account observes the price of each market sector compared with the moving average price. The process then determines whether to link to the performance of each sector or divert to cash if the sector is underperforming.
Kathryn Campbell, senior product manager of structured products and investments at NatWest, said the three previous issues of Autopilot have been successful and demand has exceeded expectations.
“Autopilot is a great option for investors as it is a dynamic deposit account that has the ability to provide a depositor with exposure to a portfolio of diversified assets and markets. Huge demand from the market has reflected this and Autopilot continues to fly,” she said.
If held until maturity the return will be 100% of the initial capital deposit plus the growth of the Autopilot Index, said NatWest.
The offer period runs until 5 December with a minimum deposit of £10,000, $10,000 or €10,000 and the product will mature on 20 December 2013. The account is available through UK and offshore IFAs, or as a direct deposit or through a life wrapper or Sipp.
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