Citi issues hybrid between mutual fund and structured product

product puzzle

CitiFirst has issued a Ucits III fund for the UK independent financial adviser (IFA) market, which combines a mutual fund wrapper with the strategies of a structured product.

The UK autocall fund is the first of its kind. It is an open-ended investment fund, with cycles of five years or less if the kick-out is triggered. The investment tracks the FTSE 100 index and the kick-out for the first cycle starts from year two of the investment term if the index is at 100% of its initial level. Investors

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: