Lyxor offers Happiness in Hong Kong
Lyxor Asset Management, a subsidiary of French bank SG, has launched the Lyxor 3-Happiness China Fund in Hong Kong. The three-year product invests directly in the Hang Seng China Enterprises Index (HSCEI) and provides a minimum return of 25% at maturity if the index drops by less than or equal to 10%.
If the index drops by more than 10% at maturity, however, investors will receive 110% of the final index level. What’s more, the product enables investors to participate in the highest performance achieved by the index among the 12 quarterly observation dates during the investment term.
“Last week, China’s central bank, the People’s Bank of China (PBOC), increased both the lending and borrowing rate by 27 basis points,” says Hong Kong-based Andrew Au, director and head of retail distribution at
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