Cater Allen Private Bank has revealed details of its first new structured investment product of the year.
The Protected Investment Plan Issue One account offers people a one year savings account with a return of four per cent gross, combined with a six-year FTSE 100-linked investment product .
The two elements of the investment product are 100 per cent capital protected at maturity.
Ricardo Marin-Bataller, head of structured products at parent company Santander Private Banking, said: "This product offers an attractive and innovative option for investors seeking exposure to any future growth in the FTSE, while significantly reducing capital risk"
Although there is no guarantee that the FTSE 100 will rise again, some might consider it a good value investment, he added.
However, last week, Roger Guy and Guillaume Rambourg, co-managers of the Gartmore European Selected Opportunities fund, claimed that the year ahead will be a tough one for people with investments in European equities .
Cater Allen launches new investment product
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Cater Allen launches new investment product
Tue, 03 Feb 2009
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