Harewood Solutions, part of BNP Paribas, is launching a closed-ended US Enhanced Income fund. The...
Harewood Solutions, part of BNP Paribas, is launching a closed-ended US Enhanced Income fund. The new product will run on the same principle as Harewood's previous UK enhanced income fund but will be linked to the S&P 500. It is due to receive FSA approval for launch on 15 June and will aim to generate an 8% fixed yield per annum through an over the-counter-transaction with BNP Paribas. Yield will be generated both from equity dividends received and through BNP Paribas' enhanced daily call overwriting strategy which sells short term call options. The minimum subscription per share d...
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