UK-based Investec Structured Products has unveiled two new FTSE 100-linked structured products- namely the FTSE 100 Defensive Growth Plan 1 and the FTSE 100 Defensive Kick-Out Plan 1.
The FTSE 100 Defensive Growth Plan 1 will offer investors a fixed return of 36% if the FTSE 100 index is higher than 50% of its starting level after six years.
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The product aims to target investors with a medium attitude to risk, while the financial institution option will be available for those who are more risk-adverse as well.
Additionally, the FTSE 100 Defensive Kick-Out Plan 1 will deliver annual returns of 8.5% if the FTSE 100 is higher than 100% of its starting level after two years.
The Kick-Out product can mature between two and six years, with the FTSE percentage decreasing by 5% every year, to reach 80% by year six. It features higher risk and targets investors who are looking for greater returns.
Investec Structured Products head of intermediary distribution Colin Brockman said: "Through conversations with intermediaries we have recognised and responded to the need to expand and further consolidate our range of defensive plans, with the addition of these two new defensive products.
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By GlobalData"This is due to the growing demand for these simple, defensive options at a time when both investors and advisors are thinking of ways to produce returns in today’s uncertain markets."
