Scotiabank and BNP Paribas launch structured products on MSCI Food Revolution and Ageing Society Indexes
August 09 2022 - 10:00AM
Business Wire
Scotiabank announced the launch of Quanto MXN-denominated
structured notes linked to MSCI Food Revolution and Ageing Society
Indexes. The offerings mark the first-ever launch in Latin America
of structured products linked to custom MSCI indexes, bringing
innovation and diversification into the Mexican market. The
structured solution commercialized by BNP Paribas, the EU’s leading
bank, provides an investment approach that seeks to identify long
term, structural trends that could drive stock performance in a
rapidly changing world.
The structured notes are based on two MSCI custom thematic
indexes, which are designed to represent the performance of various
broad investment themes. The two indexes are the MSCI USA IMI
Ageing Society Select Index, which includes companies catering to
the health, recreation and lifestyle needs of older populations,
and the MSCI USA IMI Food Revolution Select Index, which includes
companies associated with new products and services focused on
improving the way food is produced and consumed.
BNP Paribas customized the indexes with a target volatility
mechanism that will dynamically adjust the level of equity exposure
depending on market volatility. With growing client appetite
towards volatility control strategies, BNP Paribas and Scotiabank
are providing these Quantitative Investment Strategies in
Mexico.
The structured notes will be issued at 3 years, offering a
leveraged exposure on the performance of the indexes at maturity.
The innovative investment solution will provide exposure to US
companies that are leaders in serving senior populations through
healthcare, financial services and other industries, as well as
companies tackling sustainable and responsible farming, food
technology and zoonotic disease migration.
The thematic investment product enables Scotiabank to provide
innovative solutions to clients that allow them to seize market
opportunities and actively participate in current market
mega-trends.
“We are pleased to have been selected as the thematic index
provider of choice. MSCI’s Thematic Indexes are designed to
represent the performance of companies affected by long-term and
transformative macroeconomic, geopolitical and technological
trends. Our thematic indexes cover a broad range of mega-trend
themes, including ageing society and food revolution. These indexes
can help investors better understand the structural changes
happening around the globe and prepare them to make better
investment decisions over the long term,” said Stephane Mattatia,
Head of Thematic Indexes at MSCI.
“We are proud to collaborate with Scotiabank and to utilize MSCI
indexes in this initiative, which aims to further position BNP
Paribas as a global leader on innovative equity solutions and
quantitative investment strategies. Helping our clients with
products that enable their growth and provide investing solutions
that reflect our commitment to help them adapt to the rapidly
changing world around us is our main priority,” said Florence
Pourchet, Head of CIB Latin America and CSR Americas at BNP
Paribas.
“We at Scotiabank are committed to helping ensure continued
financial success for our clients and meeting their complex
investment needs amid rapidly changing market trends. That is the
reason we are excited to collaborate with BNP Paribas to launch
these structured notes linked to MSCI indexes, as our clients will
have access to innovative thematic strategies to invest their
hard-earned wealth in building a sustainable future,” said Juan
Antonio Carrancedo, VP at Scotia Wealth Management Mexico.
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player
in international banking. It operates in 65 countries and has
nearly 190,000 employees, including nearly 145,000 in Europe. The
Group has key positions in its three main fields of activity:
Commercial, Personal Banking & Services for the Group’s
commercial & personal banking and several specialized
businesses including BNP Paribas Personal Finance and Arval;
Investment & Protection Services for savings, investment and
protection solutions; and Corporate & Institutional Banking,
focused on corporate and institutional clients. Based on its strong
diversified and integrated model, the Group helps all its clients
(individuals, community associations, entrepreneurs, SMEs,
corporates and institutional clients) to realize their projects
through solutions spanning financing, investment, savings and
protection insurance. In Europe, BNP Paribas has four domestic
markets: Belgium, France, Italy and Luxembourg. The Group is
rolling out its integrated commercial & personal banking model
across several Mediterranean countries, Turkey, Eastern Europe as
well as via a large network in the western part of the United
States. As a key player in international banking, the Group has
leading platforms and business lines in Europe, a strong presence
in the Americas as well as a solid and fast-growing business in
Asia-Pacific.
BNP Paribas has implemented a Corporate Social Responsibility
approach in all its activities, enabling it to contribute to the
construction of a sustainable future, while ensuring the Group’s
performance and stability.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of over 90,000
employees and assets of approximately $1.3 trillion (as at April
30, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
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SCOTIABANK Carlos Garnica +52 55 5153 1978
cagarnica@scotiabank.com.mx
BNP PARIBAS Mariana Quevedo +57 316 473 4211
mariana.quevedo@co.bnpparibas.com
Claire Schiff +1 646-634-4042
claire.schiff@us.bnpparibas.com
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