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Today sees the launch of the first-ever structured funds to be quoted continuously on Euronext.
These pioneering products are designed by SG AM Alternative Investments, a global player in alternative asset management and a specialist in structuring high value-added products. They will be listed in Paris on the new Structured Funds compartment of Euronext's NextTrack segment.
Unveiled today by SG AM Alternative Investments, the first two funds in the SGAM ETF range will provide investors with actively managed exposure to the CAC 40 index and, depending on their profile, either partial capital protection or leverage. The funds are managed using the "portfolio insurance" or "cushion" method . They combine the benefits of a structured investment with the transparency of continuously exchange-traded funds.
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The first fund has built-in portfolio insurance. For a limited risk, investors obtain partial capital protection, revised annually on the basis of 80% of the previous year's net asset value , while capturing some or all of the performance of the CAC 40 index.
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The second provides leverage. Replicating up to 200% of the gains or losses on the CAC 40, it is intended for active, experienced investors seeking to boost their portfolio performance by taking on more risk without using derivatives.
More information on structured funds :
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