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Ascentric launches listed structured products from Société Générale

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Independent wrap Ascentric has launched Société Générale’s listed structured products, becoming the first platform to make exchange-traded and free-of-commis

Independent wrap Ascentric has launched Société Générale’s listed structured products, becoming the first platform to make exchange-traded and free-of-commission products available to fee-based IFAs.
 
Société Générale’s listed structured products are flexible investment tools for UK investors which can be executed via any stockbroker in the UK. Unlike standard structured products, Société Générale’s listed structured products provide the ability to buy or sell the holding on a daily basis, just like a share.

They are quoted on the London Stock Exchange, meaning that IFAs can purchase them via Ascentric in the same way they would an ordinary equity share or ETF.
 
The Société Générale listed structured products range available on Ascentric includes capital protection, yield enhancement and participation products, offering access to assets such as equities, FX and commodities, as well as sectors that may otherwise be difficult or expensive to trade, such as emerging markets or property.
 
The yield enhancement products offer soft capital protection and include the FTSE Income Protection Range launched by Société Générale earlier this year which has recently been extended to offer capital gains tax and Isa eligibility.
 
Julie Benichou, sales director at Société Générale, says: ‘In the structured products world, it is a revolution. Listed structured products are now accessible through any stockbroker and provide all the benefits of a LSE listing. Investors can now track the full lifecycle of a product, from coupon payment to barrier touched, making trading simpler and offering full transparency with daily liquidity.’
 
Richard Goodall (pictured), sales director at Ascentric, says: ‘We have seen a significant increase in the volume of structured products being traded on the Ascentric platform over the last few months and the launch of these products will only add to that trend. The ability to buy or sell the holding on a daily basis is a great innovation from Société Générale and fits well with the dynamic trading environment we offer through our wrap platform.’

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