Morgan Stanley has launched a five-year income fund based on the FTSE 100 index, using G7 government bonds to mitigate counterparty risk.
The FTSE 100 Accumulated Income Fund 1 pays semi-annual income payments capped at a maximum of 3.37% to investors if the FTSE 100 remains within the range of 3,200 to 7,500 during the life of the product. If the index falls outside this range then the payments will be adjusted accordingly.
Investors will receive 100% of their initial investment provided the in
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