Arc launches first commodity-linked product

The Arc Protected Commodity Plan is linked to an underlying basket comprising oil, corn and copper. Each element will be assigned a retrospective weighting of 50%, 30% and 20% respectively from the strongest to the poorest performer. If basket performance is flat, then investors will receive their capital back at the product’s five-year maturity. It is being marketed to investors as a potential hedge against rising inflation.

The plan is open for direct investment until September 1 2008, and

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