SG Compass Trades Second Monthly Observations - some good news in falling markets
30 June 2010The two SG Compass (Short/Long) trades struck on 28th April went through their second monthly observations (out of 24) yesterday. The EM ETF was marginally higher than the first month's lock-in, but the FTSE locked-in a lower observation.
The table below highlights these lock-ins. For reference, these trades observe monthly underlying levels for the first two years of six. Returns are then based on the Short position between Strike and the lowest observation, plus the Long position from the lowest observation to the final observation at term, provided the underlying is above the Strike level at term.
FTSE | | % Change | EM | | % Change |
Level 28 Apr 10 | 5586.61 | | Level 28 Apr 10 | 41.87 | |
Level 28 May 10 | 5188.43 | -7.13% | Level 28 May 10 | 38.10 | -9.00% |
Level 28 Jun 10 | 5071.68 | -9.22% | Level 28 Jun 10 | 39.16 | -6.45% |
