Barclays Capital to launch FTSE 100 linked structured OEIC

The IFSL Barclays Defined Returns Autocall Fund 1, available through a range of channels including Cofunds, is a mirror of Barcalys' Defined Returns Plan Annual Kick-Out. This new fund aims to provide investors on maturity a return equivalent to 6.5% net of fees multiplied by the number of years the fund is not called. It also offers the chance of an early payout on any anniversary - from the third onwards - where the FTSE 100 is at or above its starting level. If the index is at or above its starting level on the third anniversary, investors will receive 19.5%. Should this not occur ...