Hey guys
Just spotted this today om the Investec site - anyone got any thoughts?
http://www.investec.ie/#home/investing_and_wealth_management/investmentproduct.html
From reading the brochure it seems to be covered by the UK Compensation scheme as well up to €100,000.
The deal is 20% of fund gets invested in a high yields deposit account at 8% for one year - you can then withdraw this on maturity. The other 80% is tied up for 3 years & 6 months with capital protection and 80% participation in an emerging markets index.
As I am concerned about keeping money on deposit in euro with regard to a possible freeze on deposits etc., would this also offer the advantage of not being 'converted' to any hypothestical new currency straight away as it is not a deposit so to speak, and perhaps only on maturity (when hopefully things would be a lot more stable) would be converted to whatever currency we would be using at the time (as presumably it is bought in non-euro).
Just spotted this today om the Investec site - anyone got any thoughts?
http://www.investec.ie/#home/investing_and_wealth_management/investmentproduct.html
From reading the brochure it seems to be covered by the UK Compensation scheme as well up to €100,000.
The deal is 20% of fund gets invested in a high yields deposit account at 8% for one year - you can then withdraw this on maturity. The other 80% is tied up for 3 years & 6 months with capital protection and 80% participation in an emerging markets index.
As I am concerned about keeping money on deposit in euro with regard to a possible freeze on deposits etc., would this also offer the advantage of not being 'converted' to any hypothestical new currency straight away as it is not a deposit so to speak, and perhaps only on maturity (when hopefully things would be a lot more stable) would be converted to whatever currency we would be using at the time (as presumably it is bought in non-euro).