US wrap: Royal Bank of Canada product offers low-risk property exposure

Royal Bank of Canada notes track property company

Investing in property, weather, commercial or residential is a growing trend in the US and across other developed countries. Property indexes are used as the underlying for products in the US market on a fairly regular basis but in the latest issuance there is a reverse convertible based on the stocks of a real estate company.

The Reverse Convertible Notes linked to General Growth Properties are two-month notes issued by the Royal Bank of Canada. The product pays an annual return of 28.4% and ha