Ecureuil Gestion, part of the Caisse d’Epargne, presented the results of Eurogradus 2 which matured on 9th July 2004. Europgradus 2 is a guaranteed FCP which was marketed in June and July 1998, aimed solely at the tax-free Pea wrapper. The guarantee from Caisse d’Epargne was for full capital return minus subscription fees. Growth was calculated as 75% of the average performance of the greater of either: the CAC40 or the Eurogest (an index made up of 30% CAC40, 20% DAX 30, 10% MIB30, 20% AEX,
