View more on these topics

Aviva Investors expands structured product range

Aviva Investors is launching the third of its structured products based on the FTSE 100 index in January next year.

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. “

Recommended

2

A plan of few words

Nic Cicutti It may seem strange to write an epitaph for the current Government now when it looks likely to remain in office for at least six months more but after Alistair Darling’s pre-Budget performance last week, it seems pointless to wait any longer. In fairness, it was not as if the Chancellor could have […]

11

FSA fines up 53%, says RPC

The FSA issued £34.8m worth of fines in 2009, up 53 per cent on 2008, according to City law firm Reynolds Porter Chamberlain.

1

Gilt plunge lifts annuities

Annuity rates are expected to see a boost after last week’s pre-Budget report sent the price of gilts tumbling. Gilts initially rose as investors reacted favourably to a largely unchanged forecast for gilt issuance in the PBR. But the small print failed to outline how the Government was planning to cut borrowing, which prompted fears […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment