Cater Allen has launched a second issue of its Selected UK Banking Plan to take advantage of the current pessimism around bank shares.
The plan provides 100% capital protection at maturity, as well as growth potential linked to shares in RBS, Lloyds TSB, HSBC and Barclays. Cater Allen believes the current volatility and pessimism surrounding bank shares is likely to offer excellent long-term prospects for investors. “In the banking sector, shares are experiencing volatility and a general downward trend in share prices as a result of the credit crunch,” says Ricardo Marin Bataller, head of structured products and hedge funds at Santander Private Banking. “This product therefore offers an attractive and innovative option ...
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