The Middle East distributor of the fund, Premier, informed Candour Consultancy that the product will boast a number of innovative new features. These will include:

* 10 year minimum 100% capital guarantee from Barclays

* 12 month offer period

* Guarantee price is the highest price reached during the offer period

* Lock out at +30% inside three years or +50% inside five years

The fund consists of three underlying investments from top fund managers which provide a diversified exposure to what are expected to be some of the most exciting markets over the next 12 months. These are:

ABN AMRO  Global Emerging Markets Bond Fund

* AA Rated by Standard and Poors

* Fund size $900m

* 5 year annualised return 20.3% per annum

Gartmore European Select Opportunities Fund

* AAA Rated by Standard and Poors

* Fund size £1.5 billion

* Performance over 2 years to 31/12/04 +37%

Millburn Ridgefield Diversified Trading Company II

* Managed Futures Fund

* Group assets under management $1.2 billion

* Annualised return since 1977 +18% per annum

Backtesting from Barclays Capital shows that the fund would have locked out after 20 months from the strike date. In this test scenario, the investor would receive their capital back plus an additional 30% after just 20 months!