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CBA opens new capital-protected product

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By Vishal Teckchandani
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1 minute read

Commonwealth Bank of Australia (CBA) has launched a new investment solution targeting individuals, self-managed superannuation funds, trusts and companies.

The group's Capital Series Protect120 will give investors 100 per cent capital protection at maturity and aims to provide capital growth by providing exposure to a choice of Australian or international indices.

Both strategies offered the possibility to make up to 80 per cent return over the investment term and there was no direct currency risk with the investment given Capital Series Protect120 was denominated in Australian dollars, CBA said.

The product also offers a 'lock-in' feature, which if activated offers a minimum return of 20 per cent over the investment term.

"We are very excited about the launch of our new products, which correspond to client input that we have collected over the last year," CBA head of structured investments Suzanne Salter said.