New dealers, new products in credit investment market...
Save this article
Print this page
Two more dealers have created products for the nascent credit portfolio investment market. JP Morgan Chase launched its European Credit Index-linked Security (JECI) – a five-year product backed by credit default swaps – in March. Then last month, Deutsche Bank launched a fund that indirectly uses over-the-counter derivatives to replicate the performance of a basket of European credit indexes.
Cash bond-backed products aren’t necessarily the optimal structure for Europe, claims Greg Batey,
To continue reading...
Institutional Sign In
If you have access via your institution sign in here