One observation keeps on cropping up in Risk's conversations with structured product providers: investors are no longer as keen on complex, whizz-bang payouts. Instead, clients want simplicity, transparency and to invest in products with compelling stories or strong investment rationales.
This has caused a notable shift in the structured products market over the past 18 months. It is now rare to see worst-of baskets with target redemption features and a first-to-default credit overlay. More c