Aviva offers fund with kick-out that stays clear of HMRC

rob-corbally
Rob Corbally, Aviva Investors

Aviva launched its first structured returns fund in April, offering a potential return of 22.5% after three years with a maximum term of five years. The fund does not come with a guaranteed return of capital. Should the FTSE 100 index fall below 50% of the strike level, investors will suffer losses on capital.

“Given current interest rates, providing a capital guarantee is very expensive,” says Rob Corbally, structured product development manager at Aviva Investors in London. “Analysis of market

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