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Blue Sky launches second version of enhanced growth plan


Blue Sky Asset Management has launched a second version of its Enhanced Growth Plan – FTSE 100 Series.

The structured investment specialist is launching the second issue just two weeks after closing the first Enhanced Growth Plan.

The six-year Enhanced Growth Plan II – FTSE 100 Series provides a minimum return of 25 per cent if the FTSE 100 is at or above its starting level with no growth in the index required; 200 per cent participation in any FTSE 100 rise, to a maximum potential return of 90 per cent delivered if the FTSE rises by just 45 per cent; and protection from any fall in the index unless it falls by more than 50 per cent.

The FTSE 100 index would need to rise from its current level of around 5,000 points to 9,500 points before a direct investment in the index would outperform the plan.

The counterparty for the plan is France’s 2nd largest bank Societe Generale.

Chris Taylor, chief executive at Blue Sky Asset Management, says: “The Enhanced Growth Plan Series offers investors seeking growth exactly what is wanted from a core portfolio holding : a minimum return, that requires no market growth; significant out-performance potential, with a high maximum upside; and deep protection from market risk.

“Combining an accelerated ‘super tracker’ strategy, that will deliver twice any rise in the UK’s FTSE 100 index, to a high potential maximum return of 90 per cent, with a minimum ‘digital’ return of 25 per cent, with no growth required, is clearly innovative and compelling, leading to the strong demand that we saw for the first launch in the series.”

The second issue of the Plan is open with immediate effect, and will close to new business on 12 July unless over-subscribed. Isa transfers are accepted until 18 June. The strike date is 16 July.

The minimum investment is GBP10,000 for direct investment or new Isas and GBP5,000 for Isa transfers.

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