Product Snapshot: Glacier tax-efficient solution allows diversity in more than one way
Glacier, a fully owned subsidiary of South African financial services group Sanlam, made its debut on the SRP South Africa database in May when it issued the Glacier Capital Enhancer, a five-year capital protected growth product linked to the performance of a weighted basket comprising two European indices - Eurostoxx 50 (70% weight) and FTSE 100 (30% weight). At maturity, if both indices are greater or equal to their initial level, the product offers a return of 178% of the initial investment amount. If the performance of the indices is higher than 78%, there is an uncapped upside return which equals 178% of the investment amount plus additional 100% participation in the return above 78%.
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