Dutch bank ING last month launched a Limited Risk Certificate (Liric) BRIC, a six-year structured note offering 90% capital protection at maturity.
The product provides exposure to the DWS Invest BRIC Plus LC investment fund, which invests in the shares of companies in Brazil, Russia, India and China (BRIC). The underlying of the ING Liric BRIC is a portfolio of the BRIC Plus fund and cash.
There is an allocation schedule to determine the portfolio spread between the BRIC Plus and cash. The po