Maze Note to guide allocation in an uncertain economic environment
The Royal Bank of Scotland (RBS) plc has launched a multi asset-note designed to solve the asset allocation issue created by uncertain market conditions.
30 September 2011
RBS Maze is a multi-asset capital protected five year note linked to equities, bonds, precious metals and commodities because diversifying into multiple asset classes can provide return in bull, bear and neutral environments.
At maturity, the product allocates retrospectively and pays out the best performance of three strategies (i) aggressive, high allocation to equity-like assets (ii) defensive, majority allocation to safe haven assets and (iii) balanced.
Commenting on the note, Philip Turner, Global Head of Structured Product Marketing at RBS said: "Volatile market conditions make investors nervous and they take a "wait and hold" position but by waiting in cash there is little return. By not allocating there is a risk that when economic recovery starts, they will miss out on potential upside. This product provides flexibility and solves the classic asset allocation dilemma".
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