Financial product provider, Nvesta, has launched a FTSE100 tracker product which provides investors with positive returns whether the FTSE gains or falls.
Capital is guaranteed and the product pays 100% of any growth in the FTSE 100. However, if the index falls, the product will also pay 100% of any fall in the index, up to a maximum of a 50% fall. If the index falls by more than 50%, however, the option knocks-out and investors receive no growth, but their capital back. The product