Investec Structured Products launches first UCITS fund

Objective Returns - FTSE Enhanced Kick-Out Series 1, the first sub-fund of the Objective Returns structured investment proposition, has a share class aimed at the retail market requiring a minimum investment of £3,000. It aims to provide pre-defined equity-linked returns, transparency, daily liquidity and protection from counterparty risk. The fund has a maximum term of six years but has the potential to mature early if at the end of years one, two, three, four or five the FTSE 100 is above its initial level. In the event of an early maturity, the fund will pay retail investors 100...