Aviva Investors has rolled out a new structured product, FinancialTimes reports. The Aviva Investors Defined Growth fund will provide exposure to the performance of the FTSE 100 without investing in stocks directly.
The fund, which will have a five-year term and offer an auto-call pay-off, will take direct credit exposure by investing in derivatives and also invest equally with six counterparties. The fund will provide a maturity return of 8.5% for each year it is open with a defined level of protection against loss of capital.
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