Product snapshot: South African wealth manager looking at Brexit with FTSE 50/50 play

Carrick Wealth has collaborated with Absa Bank to the launch the Fixed Return and Global Growth Protector in South Africa. Half of the investment, which is denominated in South African rand, is returned after two years, together with a fixed coupon of 26.5% (13.25% pa); the remaining 50% of the initial investment is paid back after five years and participates 125% in the upside performance of the FTSE 100, subject to six-month backend averaging. In the event that the FTSE 100 shows no or negati