Investec SP targets DFMs with new range

Investec Structured Products is offering a new range of plans aimed specifically at wealth managers.

The Boutique range will be offered on an ad-hoc basis and has a significantly higher minimum investment than Investec's mainstream plans of £25,000. The plans also have shorter offer periods.

Investec's Portable Beta - Emerging Markets plan runs for five years and offers uncapped participation in the MSCI Emerging Markets index with downside risk linked to the FTSE 100.

Option one is issued by Investec Bank and gives 110% uncapped participation while option two has Santander UK as the counterparty and offers 100% uncapped participation.

Meanwhile, the Geared Returns plan runs for three years and has two investment options.

Option one has a payment of 33% provided the FTSE 100 at maturity is greater than its starting level.

The second option offers a payment of 18% if the FTSE 100 at maturity is greater than 50% of its starting level.

In addition, Investec will offer a range of structured opportunities on a tactical basis to discretionary clients and private banks where market conditions present themselves.

Registered clients will receive regular offers and market updates directly from the structuring and trading desk.

Gary Dale, head of intermediary sales at Investec Structured Products, says: "We have been working on our new Boutique collection for a while now and it reflects the feedback we have received from a number of high profile wealth managers.

"The success of our retail channel has given us sufficient scale to develop a more focused and tactical business to support different distribution channels with very specific investment needs.

"Our Boutique investment solutions are designed primarily for wealth managers, within an RDR framework, with any fees being simply deducted upfront from the client's investment."