Editorial: A tale of two products

Richard Jory
Richard Jory, Structured Products editor

The dividing line between structured products and exchange-traded funds (ETFs) remains as prominent as ever, despite the extraordinary changes in the way these investment products now work. If this were a television station, you could watch ETFs before the 9pm watershed, but the mention of structured products would be reserved until well after that time, or even the early hours. The reason for this attitude is obvious, though the analysis that supports these statements is old - and some would