Swedish Garantum has reported some hefty returns for its clients, including a capital protected product that has unexpectedly managed to deliver 152.7% (8.27% pa) “a fantastic return in a zero-rate environment.”
The product was launched in November 2013 as part of a series that raised SEK900m (€86.4m) altogether, however, the protected option only raised SEK8.39m. “Apparently, capital protection was not the flavour of the month,” CEO Mikael Axelsson ( pictured ) told SRP. “Most investors seem to have been risk-on at the time and one can also see the love of coupon payments shining through in the top five products for volume: a CLN and four autocalls.” In this particular ca
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