Market Analysis
WATCH: Stock Pick — Investec FTSE Autocall
Viv Govender from Rand Swiss Offshore chose Investec FTSE Autocall as his stock pick of the day
18 April 2019 - 07:59
Viv Govender from Rand Swiss Offshore chose Investec FTSE Autocall as his stock pick of the day "After three years, if it's positive you will be getting 18% per year simple interest return. If it's not a positive for three years, but it is for four, it is the same thing: you will again receive 18% per year simple interest return. On five years, it is the same thing but if it is not positive after five years, you get your money back. “So it's effectively a play on the FTSE 100 but with an 18% simple interest return per year for three, four or five years, depending on when the market is positive.”
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