US Wrap: Credit Suisse offers FTSE and Topix exposure for US investors

Credit Suisse has launched a new kick-out, basket product that offers exposure to three international indexes: the FTSE 100, the Topix and the DJ Eurostoxx 50. The structure is an alternative to the usual world basket product, which contains US exposure in lieu of UK equity, and the Topix index instead of the Nikkei 225.

Increasing inter-equity index correlation has made structuring conditions more difficult for basket-type products, which could explain the substitutions. The Eurostoxx is weight