Vontobel comes back in fashion

The continued success of its luxury goods certificates has inspired Vontobel to come out with version four

Luxury products hold their own

Vontobel has listed its fourth fashion-based structured products on Scoach, offering a rollover investment for those in version three of the product, which has its last trading day today. Investors in version three, who bought the two-year certificates at an issue price of 99.40 (the reference price is 100) in July 2008, should receive a near 16% return on their investment, with the certificates quoted at 115.80 early this afternoon.

The structured product captures a theme and is based on a

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