Barclays Wealth has launched a new investment fund which offers full capital protection.
The Defined Returns Plan (DRP) will offer investors a higher return than keeping their money in cash, according to Colin Dickie, director of the firm.
He said: "Uncertain markets and high volatility may tempt investors to move into cash but we believe our DRP investments offer a highly credible alternative."
The DRP fund also offers improve tax incentives when compared to cash, he added.
If someone takes out the investment plan over a four-year term then they should expect to receive a 40 per cent return on their initial outlay, he stated.
All returns on the account depend on the FTSE 100 at maturity being equal to or higher than its starting level, Mr Dickie explained.
Yesterday, Kim Catechis, head of global emerging markets at SWIP, claimed that countries such as China and India still present good long-term investment opportunities despite the economic slowdown.
Barclays Wealth launches new investment plan
Barclays Wealth launches new investment plan
Fri, 05 Dec 2008
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