Barclays Wealth reissues Target Growth Plan

Barclays Wealth is re-issuing its popular Target Growth Plan following the early closure of the previous issue.

Launching today, the five-year plan, whose predecessor closed early due to strong investor demand, is aimed at investors seeking an attractive return even if the FTSE 100 does not rise over the investment term.

The new issue offers investors a return of 40% plus their full capital back provided that the index at maturity has not fallen by more than 50%. If the index has fallen by more than 50%, Target Growth combines the investment return and investors' original capital to minimise losses. For example, if the FTSE 100 has fallen 60% at maturity, investors will receive a total return of 56% (40% of their original capital and 40% of the target 40% return). In all cases where the plan is below the 50% barrier at maturity, both capital and the return will reduce 1:1 with the index.

Full details of the Plan can be found at barclayswealthprotectedinvestments.com

Lisa Chaudhuri, manager, Barclays Wealth, says: "Many commentators expect the market to soften when the current rally comes to an end and this uncertainty is encouraging investors to seek ways to build some predictability and protection into their portfolios. Target Growth is a relatively new investment but it has already begun to gain real traction with investors keen to secure an attractive return even if the FTSE 100 delivers negative growth over the coming years."