Product review: Blue Sky offers downside protection

A six-year growth product from Blue Sky Asset Management that is relatively complex for retail investors. The product links to the FTSE 100 and gives accumulated returns up to an annual cap of 12%

This plan provides absolute returns based on the annual performance of the FTSE 100, which is monitored in each of its six years. At the end of each annual period, the index will be recorded and rebased to capture the absolute returns. Returns are based on the accumulated year-on-year change in the index and are subject to a cap of 12% each year. For investors to achieve the maximum return of 72%, the index must consistently move by 12% or more in either direction during each period. Investors