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NDF&#39s 6th sense for income & growth

NDF Administration has brought in the sixth version of its extra income & growth plan.

The plan is a guaranteed income and growth bond, with Abbey National Treasury Services providing the investment management. Investors will buy shares in Census, an investment company based in Ireland, which will then invest in the Nikkei 225 index over a three-year period.

The capital is not guaranteed though. If the Nikkei 225 index falls by 20 per cent over the three-year term, investors’ capital will reduce by one per cent for every one per cent fall in the index. Should the index fall by more than 20 per cent, the capital reduces by two per cent for each one per cent fall beyond 20 per cent.

The doubling of capital erosion when the index falls by more than 20 per cent is very steep and is likely to penalise investors further in the event of a sustained fall in the index. Although the Japanese stockmarket has been struggling to recover from a long and persistent recession, it has been hit recently by more volatility, caused by rising oil prices.

This product is best suited to adventurous investors who understand the degree of risk that the extra income & growth plan offers.

According to Standard & Poor’s the Nikkei 225 index fell from 16,791 points on February 16, 1998, to 13,119 points on February 19, 2001.


Jupiter moves greenwards with new trust

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Deutsche puts Isas on hedge

Deutsche Bank is offering the UK&#39s first mainstream retail hedge fund product which targets IFAs as well as direct investors. Xavex HedgeFirst is a fund of hedge funds and the first product of its kind to be fully Isable. It will also be the first hedge fund product to be accessible to lower-net-worth clients as […]

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&#39Widen CGT to end unfair tax system&#39

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To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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