Mutual funds: News
Dawnay Day aiming to maximise European stockmarket returns 17/07/2007
Author: Stuart Fieldhouse
Following the success of its original structured investment, the European Stockmarket Maximiser, Dawnay Day Quantum said it would be launching a second edition of the product, offering investors index-beating returns in the European equity markets.
Due to be launched next week, the structured investment product aims to beat index returns "in nearly all scenarios" Dawnay Day Quantum said.
As before, the DDQ European Stockmarket Maximiser will provide investors with exposure to the Dow Jones Euro Stoxx 50 along with 10 times the index return (up to 60%) plus 1.75 times the index return about 60%, uncapped. Investors will also benefit from 100% capital protection, subject to a 50% soft floor (i.e. investor capital is safe unless the index falls to below 50% at any time, in which case the downside is the same as the market). The investment term has been set at six years.
The first version of this product was well-received in the wealth management community. "The key for me is the clear potential based on where we are now in the European renaissance and the gearing of this investment, coupled with substantial protection and twice monthly dealing dates," said Brian Dennehy of Dennehy Weller & Co.
Maximiser II will be available to investors until the end of August, and will be suitable for inclusion in ISAs.
