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03-03-08
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Vontobel Exchange Traded Structured Funds (ETSFs) - launch of two new subfunds with conditional or full capital protection
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Bank Vontobel is continuing the expansion of its new ETSF fund range as planned. The Vontobel ETSF SLI® Bonus Tracker and the Vontobel ETSF International Blue Chip Basket
100% Capital Protection at Maturity with Coupon were listed and commenced trading on the SWX Swiss Exchange today.
Commenting on Bank Vontobel's ETSF strategy, Roger Studer, Head of Vontobel Investment Banking, stated: "The sustained interest among investors in this innovative investment
vehicle confirms the effectiveness of our strategy of offering listed investment funds based on structures already known and valued in the context of certificates."
Many private and institutional portfolios apply restrictions to the weightings of certain issuers for reasons of diversification, which subsequently limits the use of structured
products. During the precise periods in which conditional or full capital protection made sense and was sought by investors, it was therefore necessary to forgo products with
asymmetric payout profiles.
These asymmetric payout profiles with conditional and full capital protection are now offered by the two newly launched products. Georg von Wattenwyl, Head of Financial Products
Advisory & Distribution, commented: "Bank Vontobel is pursuing an innovative approach by integrating the popular structure of a bonus certificate on the Swiss Leader Index
SLI® into an ETSF. This fund offers conditional capital protection if the SLI® does not reach the barrier of 60% of the level of the index on the fixing date. Provided
this is the case, on the final fixing date the investor receives a minimum repayment of 110% of the value of the underlying as of the fixing date, which corresponds to a bonus of
10%. With the ETSF International Blue Chip Basket 100% Capital Protection, Bank Vontobel has recreated the attractive structure of a bonus income note. Investors participate in
the performance of the equity markets through an internationally diversified basket of blue chips. This product offers them a maximum annual coupon of 7% and guarantees a minimum
annual coupon of 0.5%, combined with 100% capital protection at the end of the five-year term.
Both of the new Vontobel Exchange Traded Structured Funds are listed on the SWX Swiss Exchange from 3 March 2008 and can be traded transparently on this stock exchange between
09.15 and 17.15 on each trading day.
Further information:
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Georg von Wattenwyl
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| Global Head of Advisory & Distribution Financial Products, Vontobel Investment Banking |
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| +41 (0)58 283 78 98 |
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Contact
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