Market Wrap - Stock Pick — Euro Stoxx 50
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Viv Govender from Rand Swiss Offshore chose Euro Stoxx 50 as his stock pick of the day.
"My stock is going to be the Euro Stoxx 50 auto-call. A great product basically as long as the Euro Stoxx 50 does not fall, after a year you get a 20% return, then you have five chances within 5 years. At any point in time in that period of time at those dates if the market is basically flat or positive you get a 20% return for every year you've been invested and then it closes down and after year five its still negative and the market hasn't fallen more than 40 percent you get your money back. So it gives you the protection on the downside and even the slightest bit flatness of performance after a year or two years etc you get a 20 percent guaranteed return which is a great return to have.
"My stock is going to be the Euro Stoxx 50 auto-call. A great product basically as long as the Euro Stoxx 50 does not fall, after a year you get a 20% return, then you have five chances within 5 years. At any point in time in that period of time at those dates if the market is basically flat or positive you get a 20% return for every year you've been invested and then it closes down and after year five its still negative and the market hasn't fallen more than 40 percent you get your money back. So it gives you the protection on the downside and even the slightest bit flatness of performance after a year or two years etc you get a 20 percent guaranteed return which is a great return to have.
