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Keydata offers two versions of structured growth plan

Keydata is rolling out two new versions of its dynamic growth structured product to offer investors different levels of geared returns from growth in the FTSE 100.

The enhanced growth option, which is being targeted at more bullish investors, offers double the rise in the FTSE 100 to a maximum investment return of 100 per cent at the end of its five-and-a-half-year lifespan.

The accelerated growth option offers seven times the growth of the FTSE to a maximum of 70 per cent over the same period.

Both funds will return capital in full as long as the FTSE does not fall by more than 40 per cent and fails to recover to its start level by maturity. If this does happen, capital losses will be on a one-for-one basis.

There is also a lock-in feature which ensures that capital is returned in full should the index rise by 50 per cent or more from its start value at any time.

Minimum investment is £3,000. There is no initial charge. Commission is 3 per cent.

Sales director Mark Owen says: “With two options for capital growth, this latest tranche of the plan enables intermediaries to match client priorities more closely.”

Chelsea Financial Services managing director Darius McDermott says: “We prefer 50 per cent soft protection but the lock-in is an added bonus to two products which are reasonable options in the current climate.”


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