Nomura has announced the first two products that it will sell via deVere & Partners, the offshore advisers, since the two signed a distribution partnership last month.
10% High Income Note, which is exclusively for deVere clients, is a five-year investment linked to a basket comprising Wal-Mart, Home Depot, Tesco, Metro and Ahold. A continuous 50% protection barrier applies. It is available in British pound, US dollar and euro.
Meanwhile, the Japanese bank's Global Emerging Markets III 80% Protected Fund (GemsIII) is an open-ended fund with a mechanism that locks in 80% of the highest net asset value.
deVere also said it will include Nomura's S&P Diversified Trends Indicator Fund (DTI) in a new fund product. The Nomura fund offers a globally-diversified strategy that includes commodities, currencies and interest rates, with long and short capabilities.
"Further to the successful launch of our first offer with Nomura, we are pleased to introduce our clients to new, exciting investment opportunities. In such a fast evolving environment, it is important to be at the forefront of the industry and be innovative," said deVere's MD Nigel Green. Nomura's Paul Adams said he looked forward to developing further products in the future for deVere.
deVere also recently signed a distribution agreement with Citi, and has an existing relationship with Deutsche Bank. The three banks also have an agreement with UK institutional distributor Catley Lakeman Securities.
The income note is available for a minimum of 50,000 of the relevant currency until 4 September.
This product will appear shortly in the Offshore and Private Banking database.