Investors go kick-out crazy

Everyone loves a fast buck and UK investors are no different. This desire to see actual returns, and have the ability to realise them over short periods of time, is a principal factor behind the popularity of auto-call (or kick-out) products. Auto-calls have an innovative payoff, delivering a fixed return on the first anniversary the underlying investment link has shown any growth from its starting point, and returning capital to investors at the same time. If there is never any growth in the underlying investment, capital is returned in full at the end of the term, typically five or six...