Barclays Wealth has entered the fixed income bond market with a new five-year product playing on the strong demand for long-dated securities.
Launched following a successful focused trial, Barclays Wealth says the new regular fixed income bond will meet growing adviser desire for low-risk cash alternatives. The AA-rated bond backed by Barclays Bank is not exposed to the stock market and offers 100% capital protection. It is due to open on 10 November with a 5.25% maximum headline rate. Barclays Wealth director Colin Dickie says yesterday’s interest rate cut will boost demand for the product. “We believe there is merit in issuing further products of this type as we strive to help advisers find longer-term solutions for thei...
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