Aviva Investors has launched the first in a new range of structured products, created in response to demand from financial advisers for funds that can deliver attractive returns in a low interest rate environment.
The Aviva Investors Defined Growth Fund 1 provides exposure to the performance of the FTSE 100 without investing directly in stocks. It offers a maturity return of 8.5% for each year it is open (not compounded) with a defined level of protection against loss of capital, as long as the index never falls by more than 50% during the product term. The product has a five year term and offers an auto-call pay-off which means it may mature early from its second anniversary or at any subsequent anniversary until maturity. The Aviva Investors Defined Growth Fund 1 will take direct credit ex...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes