Aviva Investors is to launch a third structured product based on the performance of the FTSE 100 next month, after its two predecessor funds gathered over £150m.
The launch follows the firm's Defined Returns funds 1 and 2, for which Aviva says it received "strong demand" of more than £150m since launching in May and October. The third fund, an Oeic which is Ucits-compliant, offers investors a three-year term at a rate of 18.75%. It launches on Januay 25. Subscriptions, starting at £1000 for direct investments and £500 for investments made via an Isa wrapper , are possible on the product until 5 March. The fund allows investors to benefit from rises in shares, and also caps their downside. The first fund of Aviva's range offers investors ...
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