Lower prices indicate banks' unease with guarantee lines

The price of providing principal guaranteed products is falling as the investment banks supplying the guarantee structures behind them become increasingly comfortable with the existence of this asset class.

Charlie Tritton, head of alternative investments at New Star Asset Management, said it was 'not the natural business historically of investment banking conglomerates to guarantee hedge funds and some still see protected products as a new business carrying risk. But they have become much more c