Security in Hindsight
ABN AMRO has launched a new 100 per cent capital guaranteed structured product, Hindsight Securities, which is expected to provide investors with an opportunity for growth through global equities exposure.
The product has an asset allocation feature, where performance is reviewed across the sectors at the end of a five-year term.
The portfolio is allocated so that half is applied to the best performing sector, and 10 per cent to the sector contributing the least performance over the term.
Commenting on the launch yesterday, ABN AMRO head of retail structured products Paul Cordeiro said investors would be able to access emerging markets performance without some of the usual allocation risks.
“Hindsight Securities offers a highly diversified portfolio with transparent index exposures, which is important in the current market environment,” Cordeiro said.
The Hindsight product is expected to close applications on December 17, 2007, and has a $5,000 investment minimum.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
