September 2006 sees Société Générale Corporate & Investment Banking expanding its successful private investor brand, Adequity, into the UK i...

September 2006 sees Société Générale Corporate & Investment Banking expanding its successful private investor brand, Adequity, into the UK independent financial advisor market for the first time. The specially designed UK version comprises two ranges: an OEIC aimed at retail investors who are looking for packaged investment solutions and a UCITS 3 SICAV offering wealth managers new components to use in portfolio construction. By offering financially engineered solutions in open-ended fund wrappers, SG aims to make structured products transparent, easy to use and appropriate for the different tax wrappers used by UK IFAs. The first Adequity fund to be launched under the OIEC umbrella is SG Adequity Best Asset Protected Fund which has been designed in conjunction with large IFA network clients to meet their appetite for diversified asset class exposure combined with 100 per cent capital protection. It offers exposure to five different asset classes: UK equity, US equity, real estate, commodities and hedge funds in a single fund holding, with full capital protection on the downside and systematic performance management on the upside. The first two Adequity funds within the SICAV range are both enhanced trackers designed to maximise the performance captured by a client if their portfolio or investment manager has made correct asset allocation decisions. The SG Adequity Enhanced Growth UK Tracker offers 185 per cent participation in any growth in the FTSE 100 whilst only participating one for one in any fall. The SG Adequity Optimised Income Global Tracker is based on four major equity indices and combines 100 per cent participation in any growth with the opportunity to earn an enhanced dividend of up to 7.5 per cent per annum.