Barclays reissues UK and US Super Tracker strategies

Barclays Wealth is reissuing the US and UK versions of its Super Tracker investment strategy. The two Super Trackers, which both launch on 7 July, are designed to offer investors enhanced upside from the US and UK stock markets through leveraged exposure to either the FTSE 100 or S&P 500. They are aimed at those investors who believe the nascent recoveries across both sides of the Atlantic will be followed by a prolonged period of minimal growth.

The US Super Tracker is a standalone five-year investment offering three times the first 26.67% rise in the S&P 500, subject to a maximum return of 80%.

The UK Super Tracker is a three- or five-year investment offering either three times the first 15% rise in the FTSE, subject to a maximum return of 45% (three-year option), or three times the first 30% rise in the index, up to 90%.

In all cases investors' capital is repaid in full unless the respective indices closes at a level below 50 per cent at any time during the term and remain lower than the starting level at maturity (subject to final month averaging), in which case capital is lost 1:1 with the index.

Lisa Chaudhuri, manager, Barclays Wealth, says: "Most commentators believe there will be a recovery of sorts in the UK and US stock markets but there is increasing uncertainty about whether they can deliver strong returns in the medium to long term.

"Our Super Trackers will appeal to investors who believe we are likely to see an elongated U-shape recovery and are seeking a vehicle which enables them to enhance low returns. With a significant level of capital protection both Super Trackers also guard against further market falls, giving investors peace of mind in what is likely to be a uncertain environment in the years ahead."