Barclays Capital Fund will unveil a FTSE 100 linked structured fund, Financial Times reports. The IFSL Barclays Defined Returns Autocall Fund 1, which is an open-ended investment company (Oeic), will aim to offer investors on maturity a return equivalent to 6.5% net of fees for every year it runs.
The new fund, which will run for six years, will be a replica of Barclays’ existing Defined Returns Plan Annual Kick-Out. The fund will target new audience of advisers and their clients as well as existing supporters of the strategy seeking to manage their Barclays exposure in line with Financial Services Authority’s guidance.
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