Redefining equity-linked

Equity-linked securities


Before buying equity-linked securities in Australia, be sure to check the merchandise. There will very likely be nothing wrong with the product per se, but the label might be misleading, as the phrase 'equity-linked' is undergoing a semantic shift in the local market and means different things to different people.

In the structured products market, for example, the phrase is a hangover from the time products were predominantly linked to either equity stocks or indexes. In the past two years, the

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