Danish firm Copenhagen Fund Management is preparing to launch its first structured product. This will be a 100% capital-protected note with an eight-year lifespan linked to the firm's USD68 million currency fund, said Michael Hecht, founder. It is due to be rolled out in early November.
The note will have a USD20 million issue and Copenhagen is in discussions with private banks, which will distribute the note to their clients, explained Hecht. The development is a response to investor interest, he continued. "There's growing demand for currency products at the moment and this is something I've wanted to do for some time...to offer something that's completely linked [to the fund] but guaranteed." The note, which has a minimum size of USD100,000, could have a significant impact on asset growth, and the firm will consider developing more structured products if this sells well, he added.
