FVC custom indexes

US index

The month-on-month changes in the FVC US indexes were very small this month and the year-on-year performance of all three indexes was positive, with the largest increase seen in the FVC US income index. The charts show the performance of the indexes over the past six months alongside the performance of the benchmark index for the region, the S&P 500.

For equity-linked structured products, the reference asset is not necessarily the best benchmark to use, depending on the payout structure of the

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