Credit card provider Barclays 'launches two super trackers'
Credit card provider Barclays has announced it is launching two super trackers.
Credit card provider Barclays 'launches two super trackers'
These have been designed to offer investors leveraged exposure either to the FTSE 100 or S&P 500.
It is thought these will appeal to investors who believe that recoveries in the UK and US will be followed by a prolonged period of minimal growth.
Barclays guarantee that investors' capital will be repaid in full unless the indices fall below 50% at any time during the term.
The term for the US super tracker is a five-year investment, and the UK supertracker is a three or five-year investment.
Lisa Chaudhuri, manager of Barclays Wealth, said: "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."
Barclays also offer currently offering a Simplicity credit card, with 6.8% APR typical (variable) on every purchase or balance transfer.
To help protect against fraud, the credit card comes with an identity protection service, offering advice about identity theft, and fraud monitoring, which tracks users' accounts for unusual spending.
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