US wrap: Basket products deliver diversity

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US bank Wells Fargo issues three basket products

Issuance volumes in the US are slowly climbing back to normal levels. The latest offering contains a wider range of products than usual, notably four basket products, three of which are issued by Wells Fargo.

There are two accelerated growth products from Wells Fargo based on a combination of the MSCI EAFE Index, MSCI Emerging Markets, Russell 2000 Index and the S&P 500, giving exposure to a range of developed and emerging markets equities.

The remaining basket product from Wells Fargo offers 12