Irish fund targets lower volatility by switching to index-linked autocalls

The Insignia Defined Returns Fund is shifting its strategy from stock-linked autocalls to index-linked autocalls, aiming for 80% index-based holdings by the end of the year. Index-based notes, on a mark to market basis, are a lot more stable and less volatile, and that's what we're seeking to do - Peter Murphy Ninety-five percent of the structures in the Irish qualifying investor fund are autocalls with a double-digit return to generate a target return of seven- to nine percent per annum ove