The Domestic equities and properties index have lent the South African consumer to consider discretionary offshore investing. This is due to consumer inflation, regulatory environment and Rand Currency denomination. This Endowment product participates in the BNP Paribas Arbitrage Issuance B.V. Keeping in mind this is a five year product, the downward global protection is guaranteed by BNP Paribas SA, as this listed certificate participates in the Euro Stoxx 50 and S&P 500 indexes for global upside appreciation.
Please see the below brochure concerning all four scenario’s regarding the global portolio, the tranche payment is to be made in June, and the deadline is 24th May which is business close at Thursday 16h00.
This is not compulsory monies as this is for monies that are discretionary and do not form part of the pension funds act, this is a diversification model for investments and capital gains tax and admin fees should be taken into account when future illustrative scenario’s are quoted.