Sberbank has reported an outstanding reception of a new type of product launched last week, August 6, which offers exposure to a venture capital fund while protecting the invested capital.

Sberbank’s head of retail structured product sales, Daria Plyplina (pictured) , told SRP this is a “first attempt on the Russian market to combine exposure to alternatives and retail-friendly wrapper”. “Opening trade got demand of US$2m and we think it might be a beginning of new business stream,” she said. The Venture IOS (Investment Obbligazia of Sberbank) is wrapped as a local bond linked to the performance of one of Sberbank’s asset management venture ca

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