Products > European defensives
Overview
The RBS Sallfort European Defensives Certificate was issued in July 2002 with the help of ABN AMRO Structured Products (now part of RBS).
In view of the, in some cases, severe losses suffered in 2000–2002, a basket was created consisting of 25, mainly defensive, stocks. Each stock had an initial weight of 4%.
Stocks can be replaced in line with the investment strategy or rebalanced to 4% (a combination of the two is also possible). Candidates for inclusion in the Certificate are chosen from the Dow Jones STOXX 600 Index on the basis of fundamental analysis and qualitative criteria such as the following:
• Price-earnings ratio (PER) and price-earnings-growth ratio (PEG ratio)
• Relative strength index (RSI)
• Dividend yield
• Market cap
• Price-book ratio (PBR)
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