Barclays Wealth reissues Defined Return Plan

Barclays Wealth reissues DRP Annual Kick-Out

Barclays Wealth has decided to reissue its popular Defined Returns Plan Annual Kick-Out (AKO) which offers investors the chance of an attractive return, possibly within two years.
Barclays Wealth reissues core range of products

Barclays Wealth has announced it is reissuing its popular core range of products for investors who are prepared to accept an element of risk to their capital.

Tuesday, 09 March 2010 12:00

Barclays Wealth has reissued the six-year version of its Defined Return Plan (DRP), offering a fixed return of 44 per cent provided the FTSE is at or above its starting level maturity.

The deal is similar to the firm's other issues, with investor's capital returned in full at maturity, regardless of how the markets perform.

Should investors decide to withdraw prior to the fund maturing, their capital will be placed at risk.

Lisa Chaudhuri, vice president of Barclays Wealth, said investors remain concerned over long-term sustainability issues in the markets.

"Our new DRP delivers 44 per cent return provided that the index is not below the starting level at maturity; an attractive prospect that does not rely on equity market growth," she stated.