Dresdner and KBPB Offers Structured Products to Third Parties

Stephen Harris

14 September 2005

Dresdner Kleinwort Wasserstein is to offer structured products to private banks and other institutions through the launch of its new Defined Funds platform. The new platform will enable DrKW to deliver bespoke investment advice, white labelling, administration and market liquidity to clients. The market for such services is seen as those wanting to invest in onshore regulated structured products, and who have particular risk/reward requirements. The provider says the launch should be seen in context of structured products becoming increasingly part of the mainstream among financial advisors and their investor clients. To coincide with the launch of these platforms, DrKW and Kleinwort Benson Private Bank are offering three equity linked sub-funds on the Gresham platform: the European and Japan Enhanced Index Funds and the US Accelerator Fund. Unlike other products, the enhanced index funds only have a one year investment objective. They have been designed for investors seeking a tactical allocation tool which will outperform the benchmark index by combining enhanced participation in the first part of any growth together with capital protection against market falls of up to 10 per cent at maturity, said KBPB. A commodity sub-fund has also been approved under the Fenchurch umbrella and will be launched soon.