Product wrap: SG issues rare multi-wrapped fund-linked product in France

EUROPE French insurer AG2R La Mondiale is marketing Horizon Décembre 2023 V . The product, which has a tenor of four years and two months, is linked to a basket comprising three mutual funds: Amundi LCL Investissement Equilibre, M&G Lux Optimal Income Fund, and Amiral Gestion Sextant Grand Large. The invested capital is distributed between a capital guaranteed wrapper (68.42%) replicating and reinvesting the yield of the funds in euro, and a capital-at-risk wrapper (29.25%) which, at