FAQ

What is a structured product?

Structured products are a type of investment specifically designed to meet an investor's financial needs by customizing the product mix to match the investor's risk tolerance. These products are based on derivatives such as a security, options, indices, commodities, debt issuances, and/or foreign currencies. Structured products were created to meet specific needs that cannot be met from standardized financial instruments available in the market.

What is the NAV and how is it calculated?

NAV is a term used to describe the value of an entity's asset less the value of its liabilities. For mutual funds, the NAV per share is computed once a day based on the closing market prices of the securities in the fund's portfolio. All mutual fund's buy and sell orders are processed at the NAV of the trade date. Mutual funds pay out virtually all of their income and capital gains. As a result, changes in the NAV are not the best measure of mutual fund performance, for that you should look at annual total return.

For close-ended funds that are traded on the open market, the prices of shares or interest in the fund will be based on whatever the parties agree to be the price. Thus there is a discrepancy between the trading price of the fund and the NAV.

How can I invest in the product if I am not a financial advisor?

You can purchase most of our products directly from a discount broker. However, if you require further assistance and advice, we suggest that you contact your financial advisor. If you do not have a financial advisor, let us know and we would be happy to refer one to you.