Leading global banks - Barclays

Barclays continues to issue investment notes that track key sectors. Their latest product (which we have briefing note on ) tracks ten of the worlds leading global banks.

There's the usual capital guarantee plus you get 160% of the upside of the ten shares. We think given the recent market turmoil, that this could be a stomping good investment BUT - and there's a big but coming - we're not too sure about the investment concept at work here. [See later message on ‘What should trackers track?’]