NatWest International Personal Banking (IPB) is marketing a bull-bear product to UK offshore investors.
The Navigator is a five-year offshore account linked to the performance of the long-short RBS UK Navigator index via a portfolio insurance strategy. At maturity, the product guarantees initial investment as well as any growth in the underlying strategy. The Navigator strategy uses a monthly average trend analysis to predict whether UK equities are likely to be rising or falling in the following month, then takes appropriate long or short positions. The index also has s a 'dynamic risk management' tool aimed at protecting against volatility by monitoring the amount by which UK equity price trends deviate from their average price level over a 20-day period.
"We know our customers value the ability to save in new areas, but still have capital protection in place," said Dave Isley, head of NatWest IPB. "The Navigator account gives people the opportunity to benefit from market conditions with the comfort of knowing their initial deposit is protected."
The Navigator Structured Deposit Account will be available to investors until 12 February. Minimum deposit is £10,000.
This product is available now in Recent Additions (UK, and Offshore & Other).