BNP Paribas tempts French investors with latest Zanzibar fund

The fund uses two observation dates. On the first, the value for each share is fixed at 10% regardless of its actual performance, provided that it has increased by any level since strike or stayed at its original price. This value will also be used at the second observation date, regardless of its subsequent performance. Stocks which have fallen in value record a return of 0%.

At the second observation date, any stocks that were not fixed at 10% on the previous date will be awarded this return if

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