Best in the UK - Morgan Stanley


The UK market has experienced highs and lows over the past 12 months. In one respect, it has profited in spite of the Lehman Brothers bankruptcy last September, being the only market worldwide in which structured product volumes have grown as appetites for protection fuelled sales.

On the other hand, the tale of the 6,000 UK investors who lost money in products underwritten by Lehman has been a permanent media fixture. Fears over counterparty risk have dominated providers’ marketing campaigns, a