Friday, February 5, 2010

Wells Fargo (NYSE:WFC) Market Vectors Gold Miners ETF

Wells Fargo (NYSE:WFC)

Usually an underlying for reverse convertible structures, the Market Vectors Gold Miners exchange-traded fund has now had an accelerated growth product linked to it by Wells Fargo (NYSE:WFC), the first time that's happened in 2010.

How the investment is structured is it incorporates accelerated downside losses of 111.11% if it breaks through a buffer of 10 percent. Partication on the upside is 150percent with a barrier of 40 percent returns erected over the maturity of two years employed by the ETF.

Wells Fargo and Market Vectors Gold Miners ETF

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