Product snapshot: Standard Bank tracks MSCI World via Citi prop index, settles in ETFs

Standard Bank has launched the World Volatility Target Market Multiplier in South Africa. The securities have a 3.5-year term and participate 120% in the US dollar performance of the Citi World 10% Volatility Target USD Index , subject to three-month backend averaging. The product is 100% capital protected in South African rand. The underlying Citi volatility index is referencing the MSCI World Net Total Return USD Index and is used for the first time on the SRP database. We believed it prud