Barclays FTSE 100 product 'to offer enhanced returns'

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Barclays FTSE 100 product 'to offer enhanced returns'

Tue 9th Mar 2010

Barbara-Ann King, head of investments at the company, said the stock market is less unstable than it was last year and so investors have to work much harder for a positive return.

She added: "A potential return of 75 per cent over five years is likely to be attractive to many investors at a time when many economists are predicting moderate stock market growth over the medium term."

The new product will offer a potential return of three times the rise in the index towards a maximum of 75 per cent.

During the five-year period if the index falls by 50 per cent and is under its initial starting level at the end of the term, then the original capital will be reduced to match the fall.

Barclays Stockbrokers now allows customers to trade online using a trading site which gives 24-hour access through a mobile phone.

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