Barclays in UK says that financial advisers are responding well to its digital style products as it launches the third tranche of its Growthbuilder series.
According to Lisa Chaudhuri, vice president at Barclays Wealth, products which offer a fixed return from a flat or small index performance are meeting demand from advisers who are uncertain about FTSE100 growth as volatility remains high.
The Growthbuilder June 2010 Edition is a six-year strategy linked to the performance of the FTSE100. Each year a 6.6% return is locked in if the underlying is higher than its starting level. Otherwise no return is registered. At maturity the product will return the initial investment in full alongside the sum of locked-in returns through the investment term with a potential overall return of 139.6%.
This product will be available for subscription until 4 August. Minimum investment is £5,100.
This product is available in Recent Additions (UK).