Caisse D’Epargne has launched its first new product series of 2007 and the first product under the marketing directorship of former BNP Paribas marketing boss Franck Charlet.
Charlet said he is ‘very confident’ about sales. “We have used sixty trainers to ensure our staff are up to speed on the product, and we’re confident our sales teams understand it,” he said.
Fuzéor also strays from the French provider’s traditional equity focus, with a two-year range accrual fund linked to the Euribor. Caisse D’Epargne said it had wanted to launch a product that answers concerns about the high stock market levels and beliefs that interest rates are likely to go up over the next two years.
Fuzéor pays a minimum 106% and 0.75% each semester the product stays within a plus or minus 10% range. One refixing is allowed during the two-year life.
This product is available now from Caisse d’Epargne branches, and strikes on 19 July. The asset manager is Ecureuil Gestion.
This product is available now in Recent Additions (France).
