HSBC launches capital protected FTSE fund

The new product has a six year term and pays 135pc of the performance of the index to investors, while it also features 100pc capital protection. There is no cap on the returns available to investors although final averaging does apply over the last twelve months. There is also the possibility of the plan maturing early if the FTSE 100 has grown by 30pc after three years. If it has grown 30pc above its initial index level on its third anniversary investors will receive a 30pc return and their original investment in full. Malcolm Prince, head of multi-tie investments at the firm, be...