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Product matters

While sifting through the vast number of
new issues of structured products that appeared on my desk the other
day, I was staggered by the number that were virtually identical.

Not surprisingly, when I came across something that was a little bit
different, I sat up and took notice.

The bull & bear tracker plan from structured product specialists
Nvesta is well worth a closer look.

The plan aims to provide investors with a return equal to any growth
in the FTSE 100 index, whether the index is up or down at the end of
the six-year term.

For example, if the final level is up by 30 per cent, the client gets
back 130 per cent of their original investment. If the FTSE 100 is 30
per cent down, the client would still get the same payoff.

While this concept of providing a positive return in bull or bear
markets is not entirely new, what I believe to be different is that
the plan offers capital security, regardless of the performance of
the market.

If the FTSE 100 falls by more than 50 per cent at any time during the
investment period and the market finishes down, the investor still
gets back their original capital.

If it more than halves but finishes above the initial index level,
the investor gets the full upside as well as their original capital.

What’s more, counterparty risk is mitigated by the fact that the plan
is backed by a AA-rated institution.

Matthew Woodbridge is bond & VCT manager at Chelsea Financial Services


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