Investec unleashes bull/bear product for retail

Investec Structured Products has released a retail version of its one-year structured deposits, as a result of high interest from advisors. The 1 Year Range Deposits are fully capital guaranteed and deliver returns linked to the FTSE 100 index, according to the range in which the index trades throughout the investment term. Investec has offered this product since last May via offshore bonds and Sipps and is now launching a retail version as an alternative to cash deposits with low rates of interest.

The deposits are available in two versions, allowing investors to take a view on the index. The Bear Deposit delivers 8% provided the index remains within 3500-5500; 6% if the index remains in the 3250-5500 bracket; or 4% if the index stays within 3000-5500. The product pays the better of the returns at maturity, although if the index falls outside of the widest range at any point during the investment term, no interest is paid and capital is returned. The Bull Deposit returns the same annual