Barclays Global Investors is to launch a product offering exposure to global equities, hedge funds a...
Barclays Global Investors is to launch a product offering exposure to global equities, hedge funds and European real estate, paying up to 150% of the growth from a basket of indices.
Slated for a 31 May launch, the Guaranteed Minimum Return Equity Deposit Account is linked to the performance of five underlying indices, namely the Topix, S&P 500, DJ EuroStoxx 50E, EPRA Euro Zone Price and HFRX Global.
Targeting investors with existing or new offshore life bonds, the multi-asset product offers 100% capital protection if held till maturity on 31 May 2012. Investors will also receive growth of 150% of any percentage rise in the value of the basket.
The product includes a 3% cash rebate upfront, which can sit within the life wrapper to help pay charges or can be used to invest in other products.
Minimum investment for the five-year product is £50,000 $75,000 or l75,000.