Aviva Investors has launched the Aviva Investors Structured Returns Fund 2, which offers retail investors a potential return of 12 per cent after 2 years or 100 per cent of any rise in the FSTE 100 Index after the five-year maximum term.

The fund will mature on the second anniversary if the FTSE 100 Index is equal to or higher than its level on the derivative investment date. If it does not mature early, it will continue until its full maturity date of five years and aim to return the initial investment plus any rise in the FTSE 100 Index on top of this.

Investors should be aware that the fund does not provide a guaranteed return of capital. Should the averaged FTSE 100 Index at maturity after five years be less than 50 per cent of the initial index level, clients will lose more than 50 per cent of their initial investment.