Barclays To Unveil FTSE-Linked Oeic

Barclays Capital Fundwill unveil aFTSE 100linked structured fund,金融时报》reports. TheIFSL Barclays Defined Returns Autocall Fund 1, which is an open-ended investment company (Oeic), will aim to offer investors on maturity a return equivalent to 6.5% net of fees for every year it runs.

The new fund, which will run for six years, will be a replica of Barclays’ existingDefined Returns Plan Annual Kick-Out. The fund will target new audience of advisers and their clients as well as existing supporters of the strategy seeking to manage their Barclays exposure in line withFinancial Services Authority’s guidance.

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