New structured product provider launches

Focus Structured Solutions, a new structured product provider for the intermediary market, has launched as a joint venture between distributor Racing Green Investment Services and plan manager Meteor Asset Management.

The provider’s counterparty will be Credit Suisse.

Graham Devile, managing director at Meteor, said the collaboration would allow investors to continue “diversifying counterparty exposure” within their portfolios.

Robert Briginshaw, managing director of Racing Green, said the launch had been masterminded by an “experienced team” who would effectively distribute products with a “highly rated, quality” counterparty.

He added: “From a diversification point of view, we believe this is a welcome addition to the marketplace, allowing investors to access a mixture of traditional and innovative product shapes, with cogent investment strategies for a multitude of market conditions.”

Structured Product Review, the specialist structured product website aimed at advisers, is currently featuring a range of structured products from Focus, all closing in January and lasting six years and two weeks.

The products include a FTSE contingent income plan with potential for an annual income of 7.2 per cent, providing the FTSE index does not close at more than 20 per cent below or more than 30 per cent above its initial level on each day of the quarterly observation periods.

Another offers the potential for early maturity, with a 20 per cent gain on the initial investment on the product’s second anniversary, rising by 8.5 per cent for each subsequent year should the FTSE 100 index and S&P 500 index close at or above their initial levels on relevant anniversary dates.