Barclays Wealth launches new FTSE Returns Plan
Barclays Wealth has launched a new product for investors looking for an attractive return from market growth without putting their capital at risk.
Available now, the six-year FTSE Returns Plan offers investors a return of 1.5 times the first 28% rise in the FTSE 100, up to a maximum of 42%. The investment also has a lock in feature which will automatically secure 14% if the FTSE is 14% or more above its starting level after 2 years; and 28% if the Index is 28% or more above its starting level after 4 years.
The Plan also offsets the risk of market timing by including averaging over the first three months and the last three months of the term to determine the starting level and final level respectively.
Investors’ capital is fully returned at maturity, irrespective of market performance. However, if investors withdraw from the product before maturity, some of their capital may be lost.
Full details of the product can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “Our new FTSE Returns Plan is ideal for investors looking for a respectable return from equity growth. With all the uncertainty surrounding the economic landscape following the election, and with many investors wary of a double-dip, we have added averaging at the start and end of the investment term to help offset the risk of market timing. And, as an added bonus, investors will get their capital back at maturity, irrespective of the performance of the Index.”