XPOY_Y
XPOY_Y t1_jedd24y wrote
Reply to comment by SovietCuisine in MLGI from Desjardins - some glimmer of hope? by SovietCuisine
I apologize these aren't seg funds but market linked GICs. I used to sell these a lot way back when I worked at TD. TD had something but no guarantee return just guarantee principal. I still feel bad about them cause I sold a lot of 3 yr ones back in 2005-2006. The down side to these is that it's not compounded but they are great products for those more risk adverse but want to get in on the market action.
XPOY_Y t1_jedakwd wrote
Reply to comment by VisualMod in MLGI from Desjardins - some glimmer of hope? by SovietCuisine
Actually these are both seg funds with 100% maturity guarantee so even if the market decline as long as you keep it to maturity you will get back 100% of your principal. And that is why these don't generally do as well in terms of returns.
XPOY_Y t1_jegm1kd wrote
Reply to comment by SovietCuisine in MLGI from Desjardins - some glimmer of hope? by SovietCuisine
There isn't a typical return because it's linked to the market so it will depend on what it's linked to.