Aviva launches structured product Oeic

The fund, which is yet to be named, will run for three years and investors will receive their money back in full at the end of period, if the FTSE falls by less than 50% of its level on 27 June 2009. There will also be potential for annual redemptions, depending on the FTSE, with exact conditions to be confirmed. It is likely to be a sub fund beneath an existing Oeic, offering the protection for investments to the structured product's specific dates. An Aviva spokesman says: "We can confirm that we intend to launch a structured product within a Ucits fund structure. "The industry an...