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Axa launches capital protected FTSE bond

Axa is launching a capital protected bond offering 77 per cent of the
growth in the FTSE 100 index while guaranteeing the return of initial
capital.

The bond does not allow any withdrawals during its five and a half
year term and is available from February 9, with a 0.4 per cent extra
allocation in the first two weeks from launch, followed by a 0.2 per
cent extra allocation in the third and fourth weeks of the offer period.

Axa investment marketing manager Mike Mumford says: “This is a
great product for IFAs looking to encourage investors out of cash and
into UK equities, with the added benefit of capital protection.”

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