Barclays Wealth Investments has launched the IFSL Barclays FTSE Protector 80 Trend Fund for the UK retail market. The fund was originally launched in September 2010.
IFSL Barclays FTSE Protector 80 Trend Fund is an open-ended fund linked to the Barclays FTSE 100 Trend Total Return Index using a CPPI rules-based structure. Once a trend has been identified the fund defines the level of exposure to volatility within a range of zero to 100%. In a positive trend, the fund will take a long position on the underlying and in a negative trend the fund will take a short position. If no trend is identified or markets are too volatile, the fund allocates to cash. The FTSE Protector 80 Trend fund guarantees to return at least 80% of the price of the highest ever NAV price.
In addition, Barclays Wealth is marketing its first Wealthbuilder of 2011, offering a potential maximum return of 30.9% after six years. Wealthbuilder is a capital-guaranteed FTSE100-linked growth structure based on a digital payoff. The product will register a 5.15% return on each annual observation date on which the underlying is above its strike level. The last tranche of Wealthbuilder was launched in December 2010.
Richard Henry, director of Investor Solutions at Barclays Wealth, said the launch is a response to demand from investors who don't want to keep a constant eye on the ups and downs in the market, as the product offers regular opportunities to lock in gains.
Barclays Wealth is also marketing a new tranche of its Defined Return Plan, a 50% soft-protected FTSE100-linked product offering a potential return of 18%, 30% or 45% after three, four or five years, respectively, depending on the options chosen by the investor, as long as the underlying is at or above 90% of its starting level.
Wealthbuilder and Defined Return Plan will be open until 29 July. Minimum investment is £5,340. Minimum investment for the IFSL Barclays FTSE Protector 80 Trend Fund is £1,000.
These products are available in Recent Additions (UK).