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Nomura launches Ucits III emerging markets protected fund

Nomura has launched the global emerging markets III 80 per cent protected fund.

The open-ended GEM III fund combines a globally diversified emerging market equity underlying with 80 per cent capital protection and 100 per cent exposure to emerging markets.

It seeks to achieve long-term capital growth by providing diversified access to global emerging market equities while protecting investors against emerging market falls of more than 20 per cent, locking in 80 per cent of the highest net asset value achieved.

Head of equity derivatives structured sales managing director Marcel Koebeli says: “Emerging markets have substantial growth potential, but it is not easy to time the entry and exit. The GEM III fund helps to time the investment through an embedded feature which protects the investment at 80 per cent of the highest NAV ever reached.”


BVI and Cayman Islands on OECD ‘white list’

The British Virgin Islands and the Cayman Islands have been placed on the Organisation for Economic Cooperation and Development’s white list after signing a tax information exchange agreement with New Zealand.

Loan agreement

The forthcoming review of mort-gage regulation by the FSA will attempt to look back at the problems of recent months and put in place procedures and controls to prevent the possibility of a re-occurrence of the elements that led to the weaknesses in the markets.


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