The wealth management arm of US-based Alico has launched the latest in a series of structured investments – the Controlled Opportunity Growth Structure 3 – following the launch of the first COGS investments.

Structured funds are growing in popularity as investors seek to limit their downside risk, the firm said in a statement.

COGS 3 allows clients to control the level of capital they expose to potential market falls, while also having the opportunity to benefit from any growth in the FTSE 100, it said. The product provides 11 different risk settings, ranging from full capital protection to a potential loss of capital on a one-to-one basis if the market falls.

By choosing their risk setting, clients set their level of opportunity for growth, with the potential for the value of their investment to increase by up to 180 per cent of any percentage rise in the market over a five-year investment period.

Additionally, Alico guarantees the “selected” return, even if the assets default, thereby removing the counterparty risk normally associated with structured investments.

COGS 3 is available through all the products in Alico’s Select Portfolio, with a gross version for clients investing in the retirement plan/ISA and a net version for investment bond/advantage investment plan clients.

The offer period for new investments closes on 24 September.