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Product Adviser: Jubilee launches structured product
Jubilee Financial Products has launched a structured product which claims to optimise the investor entry level during the first three months.
The Optimised Growth Plan starts at the lowest daily closing level of the FTSE 100 index during the first three months and then offers three times index growth, up to 50 per cent return, over the next five years.
Capital is at risk if the index has fallen 50 per cent or more at maturity.
The plan will deliver capital gains tax (CGT) benefits through a preference share vehicle, backed by securities of KBC IMFIMA NV, which is a wholly owned subsidiary of KBC Bank NV.
This is rated A by Standard & Poor’s, AA3 by Moody’s Investor Services and A by Fitch.
Ian Millward, Jubilee head of distribution, said: "The uncertainty over whether the current market rally can be sustained, and whether there will be another leg down before the recovery starts in earnest, means investors may be reluctant to invest now, preferring to wait and see."
Full details are available in the brochures on the Jubilee website www.jubileefp.com.
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