Dawnay Day Quantum has announced a second capital-protected commodities-linked product, following £25m in sales of issue I. Protected Commodities Accelerator II is a four-year product with monthly liquidity, paying 150% of the upside of a basket of three energy and five industrial metal components. An institutional version offers 200% participation, with a minimum investment of £200,000.Chief executive Mark Mathias said real commodity prices are still near an all-time low. He believes we are witnessing the start of a bull market, which will be driven by rising global GDP and consumption from India and China.
A spokesman said Dawnay Day had had to wait for a low volatility window to secure the assets, which are provided by Barclays Capital. "Rates were much worse early in the new year: prices have been moving around a lot," he said.
Protected Commodities Accelerator is targeted at high net worth investors, private banks, IFAs and discretionary portfolio managers. A separate offering is available for institutional investors.
The MTN-based product, which is Sippable and Ssasable product opens 24 January, with a £15,000 minimum investment. IFA commission is 3.25%.
This product will appear shortly in Recent Additions.
