Lisbon-based Banco Invest has introduced two new underlyings in Portugal, confirming a trend towards innovative underlying assets in the Portuguese market. Neither of these underlyings has ever been previously recorded in the entire SRP database.
The S&P Commodity Producers Agribusiness Index tracks companies engaged in the exploration and production of a variety of commodities across various indices; while the S&P Global Timber and Forest Index comprises 25 of the largest publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands.
These two indices - together with the S&P Global Water Index - have been chosen by the bank for its new one-year capital protected deposit. At maturity, Invest Recursos Naturais (Ser. 13/1) offers 100% participation in the basket growth, capped at a maximum capital return of 108.5% of the initial investment.
Banco Invest previously introduced two new indices across the entire SRP database in 2012 when it chose the MSCI ACWI Index Fund, an exchange-traded fund that tracks the performance of the MSCI ACWI Index for its Invest Global (Ser. 12/1); and the FTSE Norway 30 Index for its Invest Selecção AAA (Ser. 12/1), (Ser. 12/2) and (Ser. 13/1).
Banco Invest has issued ten products so far this year with an estimated sales volume of €7m.