Barclays launches product to combat volatility
Jennifer Lowe, 20 October 2008
Barclays Stockbrokers has launched a new Investment Note for those investors seeking to take advantage of current market valuations, but are still nervous of continued volatility.
The FTSE 100 Protected Supertracker Investment Note is a five-year growth investment linked to the performance of the FTSE 100 and is designed specifically for current market conditions, offering full repayment of capital at maturity.
The Note is structured to allow investors to enhance their returns in the current uncertain markets. Investors will receive four times the growth in the FTSE 100 index over the term of the investment up to a maximum return of 50 per cent.
Barbara-Ann King, head of proposition at Barclays Stockbrokers, says, ‘We have consistently seen investors buying into the market over recent weeks, but not everyone has the confidence to take on these volatile conditions through individual stock trading. Nonetheless, there continues to be a great deal of uncertainty around the markets and there is a general expectation that the FTSE will remain volatile for a period.
‘This note may suit anyone who is questioning whether the markets have bottomed and anticipate that we may be in for a rocky ride over the next few years.’
The minimum investment for the Note is £500 and it is available through a Barclays Stockbrokers Investment ISA and SIPP account.
The product is open for investment until 31 October 2008 and matures on 8 November 2013. For more information visit www.stockbrokers.barclays.co.uk or call 0845 300 9040.
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