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Blue Sky launches fifth issue of auto-call plan

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Structured investment firm Blue Sky Asset Management has launched the fifth issue of its Capital Accumulator Auto-Call – Dual Index Series growth plan.

The plan provides growth potential of 9.5 per cent annualised over a six-year term, with the auto-call feature applying from the second anniversary delivering a 19 per cent return and early closure if the FTSE 100 and S&P 500 Indices are at or above their initial levels.

If the plan does not auto-call at the second anniversary, the growth potential accumulates by 9.5 per cent each year throughout the investment term, with the same auto-call condition at each anniversary.

If the plan does not close early, protection from a defined level of stock market risk is provided, unless the indices fall by more than 50 per cent during the investment term and remain below their starting level at maturity.

Blue Sky launched the series in 2008, and the first plans successfully auto-called in 2009.

Chris Taylor (pictured), chief executive at Blue Sky Asset Management, says: “Auto-call plans have proved to be highly popular with advisers and investors, as viable investment options in uncertain markets, offering solid growth potential and defined protection from stock market risk. The success of the Blue Sky Capital Accumulator Series is demonstrated by its going into a fifth issue.”

The plan is open with immediate effect, and will close to new business on 1 March 2010, unless over-subscribed, with the deadline for Isa transfers on 12 February.  The strike date is 5 March.

It is available as an Isa, for Isa transfers, through pension schemes, including Sipp and Ssas, and for corporate, trustee and charity investment. Minimum investment is GBP10,000 for direct investment or GBP7,200 for Isas and Isa transfers.

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