Market Wrap - Stock Pick - Sanlam Capital Protector
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Viv Govender from Rand Swiss Offshore chose Sanlam Capital Protector as her stock pick of the day.
"This is quite an interesting product it gives you 90% capital protection so the first 10% you take as a loss but what they do then is they choose a bunch of different stocks around the world and then they basically give you 200% of that improvement after taxes returned. The actual return is like 300% but they account for the full tax rate so whatever the improvement in the stocks are you get 200% after the tax as your return"
"This is quite an interesting product it gives you 90% capital protection so the first 10% you take as a loss but what they do then is they choose a bunch of different stocks around the world and then they basically give you 200% of that improvement after taxes returned. The actual return is like 300% but they account for the full tax rate so whatever the improvement in the stocks are you get 200% after the tax as your return"
