Schroders is looking to launch a Dublin-listed structured product with returns linked to European eq...
Schroders is looking to launch a Dublin-listed structured product with returns linked to European equities. It will have a five-year life and features 100% capital protection. This follows the launch of similar products from groups such as JP Morgan Fleming in recent months.
The group is also offering a 2% discount on its UK Mid 250 fund until the end of October 2001. The offer is only available on unit trust deals and will reduce the initial charge from 5.25% to 3.25%. The fund is managed by Andy Brough.
He said: 'After the terrorist attacks, the Mid 250 index fell further than the FTSE 100, making good prices even better. We are expecting short-term volatility but the UK is well grounded to absorb the shock of the US. Unemployment is low as are mortgage rates, supported by interest rate cuts. Maintaining consumer confidence will be the key to calming volatility.'
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions