Standard Bank broadens index-linked product

Standard Bank has decided to offer its clients a much broader-based index-linked product for the fourth issue of its fixed-term deposit account. The capital protected four-year account will be linked to the average of the FTSE 100 index, the S&P 500 index and the Nikkei 225 index. The performance of each index for the Offshore Equity Growth Deposit Account is equally weighted and used to calculate the average growth of the index basket. For example, if the FTSE 100 grew by 40%, the S&P 500 by 15% and the Nikkei 225 by 5%, the average growth of the Index Basket would be 20%. It is the...