structured product launches based on ftse 100

Morgan Stanley has launched, and Investec Strucured Products is about to launch, a structured product based on the performance of the FTSE 100 index.

structured product launches based on ftse 100


The first, available from 30 March, is the Morgan Stanley Digital Growth Deposit Plan. It offers fixed returns depending on the level of the FTSE 100 with a minimum return of at least 2% should the index fall over the 3.75-year term.

It offers fixed growth of 17% at maturity, 15 March, 2016, if the FTSE 100 is at or above its initial level, set on 1 June this year.
Nev Godley, vice president, Morgan Stanley said: “There are many cautious investors out there who are looking for simple, capital protected products to help protect against market risk. The minimum return feature should prove attractive as investors would receive a modest positive return even if the market should fall over the term.”

Another FTSE100-based fund is expected soon from Investec Structured Products, with the launch of its first Ucits fund, called Objective Returns, pending official authorisation that is expected by the end of April.

Objective Returns first sub fund will be the FTSE 100 Enhanced Kick-Out Series 1 with others to follow later in the year.

Full details will be published as soon as the company can market it though one known feature is that it will not be a capital protected product.

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