The call and collateralisation

This product is structured as a Ucits III fund, unlike the majority of structured products reviewed in these pages, which are mainly in the form of notes or deposits. The fund is open ended and, although referred to as a capital-at-risk kickout, it does not automatically mature if the autocall feature is triggered – returns are reinvested into the fund instead. The method by which fees and commissions are deducted also differs from most retail structured products: the fund charges an upfront fee

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