NDFA launches Keydata alternative

Structured products provider NDFA has launched an alternative product to Keydata’s now defunct, Dynamic Growth Plan Plus Issue 17, using the same issuing bank.

The “NDFA Dynamic Growth Plan July 09” is linked to the FTSE 100 with growth capped at 60%.

Investors benefit from every 1% rise in the Index and are rewarded with a 10% growth, subject to a maximum 60%.

The index needs to increase by 6% over the 4 year term for investors to receive 60% growth and the return of their original investment.

Ronan Gelling, assistant general manager at NDFA, says the company is responding to advisers’ demands for shorter investment terms.

“These investments have proved extremely popular, and up until last year NDFA were launching our own.

“However, as the search for income took its hold, we concentrated on delivering income investments based on market needs and demand. Now that some market stability appears to have been reached, the timing of NDFA launching plans of this nature could not be better."

The plan is open until 24th August 2009 and minimum investment is £7,200.