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London & Capital launches new structured product

London & Capital has launched a 100 per cent capital protected product with plan manager Keydata investment services.

The multi asset rainbow plan provides exposure to global equities, commodities and property and weights the portfolio in favour of the best performing assets, whilst protecting capital.

For equities, investments are marked against FTSE 100, S&P 500, DJ Euro stoxx 50, Nikkei 225. For commodities, investments chart the DJ AIG excess return index and for property, investments track the FTSE EPEU and TSE Reit.

The plan’s look-back feature applies weightings to the individual asset class returns dependent on performance. Fifty per cent is weighted to the best performing asset class, 30 per cent to the second best performing asset class and 20 per cent to the worst performing asset class. This diversification is designed to provide greater return than a standard equally weighted basket return.

At maturity, the client will receive either a full return of capital or capital plus a weighted return subject to the performance of the three underlying asset classes.

Minimum investment is £3,600. The plan is available until 1 September 2008 but will close earlier if oversubscribed.


Conforto buys Herts IFA

Conforto Financial Management has bought Hertford IFA The McCroddan Partnership for an undisclosed sum.

Hedge funds fall short

It seems the uproar from the hedge fund industry over the FSA’s new rules on shorting was somewhat justified, with many struggling to get their disclosures right.

Flat season

I refer to the bit where I talk about the TV-buying public genuflecting at the altar of society’s new god, retail, where it seems people simply expect to have certain consumer goods, whether or not they can afford them or need them. (I have seen some flat-screen TVs set up halfway across a living room with more than enough room behind them for a good old-fashioned cathode ray tube.)

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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