Structured product provider Nvesta is targeting mid-sized schemes with a new FTSE100 Index tracking fund.
The Secure Tracker has a six-year term and guarantees to repay the original investment if the FTSE100 falls over the period or 110% of any rise.
The fund – which is backed by a double or triple-A rated bank – is available to schemes making a minimum investment of £20,000 on a fee basis.
A commission version is available to high net worth individuals which will pay 101% of any rise in the FTSE.
Director Graham Devile believes the fund will appeal to SIPP and SSAS trustees and could replace with-profits as a low-risk, core investment for medium-sized schemes.
The fund will be available to investors between February 9 and April 5.
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