Structured product specialist Manor Park is launching three guaranteed growth funds in October offering different levels of capital security and growth.
The UK selected growth fund runs until November 2005 and offers returns linked to the performance of the FTSE 100 index. Investors select the level of capital guarantee to suit their risk requirements and receive a corresponding percentage of equity growth.
For example, investors choosing to guarantee 85 per cent of their capital get a return of 165 per cent of growth in the index. For a 100 per cent capital guarantee, the return falls to 45 per cent of index growth.
Manor Park is also releasing a five-year version of the fund – the capital growth fund – which offers higher returns for similar levels of capital guarantee. For an 85 per cent capital guarantee, for example, investors receive 190 per cent of the growth in the FTSE.
Minimum investment is £5,000 for both funds. Interest of 6 per cent is paid for subscription made before the October 31 closing date.
Manor Park is also launching a dollar currency fund linked to the global basket index for five years. Minimum investment is $7,500 with no additional charges.
Commission on all three funds is 3 per cent.
Director Alan Williams says: “The funds will suit a whole range of investors from those who want their capital protected to those who are prepared to take more risk and look for higher returns.”