The Aviva Investors defined returns fund 3 offers participation in the equity market with limited protection from capital loss.
The launch follows the firm’s defined returns funds 1 and 2 which gathered over £150m in investment.
The new oeic offers investors a three-year term at a rate of 18.75 per cent. Minimum investment is £1,000 for direct investments and £500 within an Isa. Counterparty risk is fully collateralised and the fund is offered within a Ucits III structure.
Chief Executive John Clougherty says: “We have witnessed strong demand for products offering attractive rates, but which also mitigate counterparty risk and are available through efficient wrappers. With the expertise of our investment team and strong demand to date, we will continue to develop our structured product range in 2010 with a focus on competitive terms and transparency and protection for the end investor. “