Expander, a financial adviser for individual clients, is expected to deliver the best performance so far this year for a maturing structured product in Poland, when its product Salsa comes to maturity.
Under current valuation, this product will deliver close to 11.3% pa when it matures next week (equivalent to a return of 153.4%). It launched in 2008 with PLN13m (€3.1m) of investment.
As a result, Expander has now launched Salsa Bis, which follows a similar strategy and payoff as its predecessor.
"Salsa Bis is sold only in our network as it was made to our order and just for us by Wealth Solutions. We invented the product features and Wealth Solutions dealt with technical issues," said Expander Investment and Insurance Products Specialist, Piotr Nowak to SRP. Wealth Solutions also acts as a policyholder.
The new product is wrapped as unit-linked life insurance with insurance provider TU na Życie Europa. Wealth Solutions, which also develops structured products for its own distribution network, was involved in the product design.
Salsa Bis is available until 20 April.
