News Article Published:
Tuesday, 11 November 2008
Category:
Financial Services
Barclays Wealth has used the uncertainty in the financial sector to market its new range of protected investments.
The wealth manager division of the financial services giant has leapt on the fact that the collapse of various financial institutions worldwide has meant that investments previously seen as safe may no longer be.
In launching the new range, it has stressed that the products are backed by its parent company Barclays Bank, which is AA-rated.
"Investors are rightly fearful about losing their capital in the current climate and we aim to offer them a safer haven than unprotected equities are able to provide," said Barclays Wealth director Colin Dickie.
"Our range offers the prospect of competitive returns with the comfort of varying degrees of protection."
The company currently claims to have £133 billion client assets worldwide.
Its parent, Barclays Bank, did not require to be helped by the government's bank rescue plan, which saw RBS, Lloyds TSB and HBOS become part-nationalised.
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