European underlyings finding favour with Asia investors

A three-year avoidance of European-linked structures at an end

Aaron Woolner

The eurozone may not have fully resolved the issues of how to effectively run a currency consisting of wildly different economies which lack the ability to transfer payments between regions and set a uniform fiscal policy, but investors at least believe the area's recent travails are behind it.

Just before Christmas, Asia Risk reported that structured product investors in Japan and Korea were regaining their appetite for European underlyings, and now it appears the private banks are following su

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