Hard wounds to heal

South Africa's structured products market is finally beginning to recover after a period of stagnation and weak investor demand. Old Mutual Investment Group SA has decided against increasing its market share, but remains open to reverse enquiry. Matt Cameron talks to Old Mutual's John Gilchrist


The South African market for structured products is undoubtedly small by comparison with other, more developed markets. But at least it is finally showing some signs of resumed growth following a lengthy period of shrinkage and stagnation. In tune with that trend of reducing exposure, investment manager Old Mutual Investment Group SA (Omigsa) has slimmed down its portfolio and now tends to offer structured products only on the basis of reverse enquiries from its institutional clients.

During the

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