US Wrap: Barclays spies normalising correlation

Barclays Bank has released another tranche of reverse convertibles to kick start February, offering different maturity structures on single stocks. Investors have the choice of taking three- or six-month, or one-year exposure on a handful of US stocks, including aluminium producer Alcoa, Bank of America and Capital One Financial. Barclays also took advantage of normalising correlation to issue a product linked to the S&P 500, Nikkei 225 and the Eurostoxx 50, with an overlay of 100% princi