Aviva Investors has rolled out the Aviva Investors Defined Growth fund, Financial Times reports. The new product offers an investment dependent on the performance of the FTSE 100 index. The fund, which provides a return by investing in derivatives from financial institutions, has a six-year term. Institutions including Abbey National Treasury Services, Barclays Bank, Morgan Stanley & Co. International, RBS and UBS were counterparties to the fund.
Click here for the story from Financial Times.