As pre-election battles focus on the Bush administration's tax cuts and other economic issues, uncertainty regarding future tax levels is persuading many investors to remain in cash.
The latest structured products released in the US public market include a divergence of exposures, split between reverse convertibles and accelerated growth. Underlyings are dominated by US and emerging equities.
Royal Bank of Scotland dominates the lastest US public issuance with its reverse convertibles, while precious metals hold their position as a popular underlying.
The financial sector provides the basis for several products in the latest US issuance, reflecting a general trend in the structured products market.
Bank of Montreal has made its first appearance in the FVC listings with a reverse convertible on a financial stock.
db x-trackers has listed two euro sovereign bond ETFs in Frankfurt, giving access to high yield or AAA eurozone debt.
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Dutch bank Kempen and Co's property product includes a risk indicator so that risk averse investors know exactly what type of risk they are taking on
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iShares has launched a swap-based ETF platform with in-built measures to eliminate counterparty risk.
As issuance volumes increase, HSBC products offer access to Chinese and Brazilian equities.
Stoxx has teamed up with Bank of America Merrill Lynch to create an investable volatility index for the European market as investors look for protection against future market crashes
State Street Global Advisers has hired Scott Ebner to its London office in a new role as head of ETFs
iShares has launched five equity ETFs with a currency hedge in response to demand from institutional investors
As volumes see a slow recovery after the summer, issuers are diversifying the underlyings and Barclays focuses on real estate.
As investors seek protection against interest rate rises, Bank of America Merrill Lynch and Morgan Stanley are among the banks responding with rates products offering minimum returns.
As the US market continues to face uncertainty, the safety of domestic equities is proving attractive to investors
Demand in the US is swinging back to its regular staple in the form of reverse convertibles
Reverse convertibles take the lead in US issuance, with most new deals hailing from Royal Bank of Canada
Credit Suisse has cross-listed its Ucits III ETFs in London as well as adding ETFs which are new to the European market