Bridging the gap


Change is in the air for structured products in the US. Investment banks are now offering their products to external securities brokers and dealers, and following the partnership earlier this year between JP Morgan and Fidelity, Merrill Lynch is from this month set to distribute its products via Fixed Income Securities (FIS), a US-based broker-dealer and registered investment adviser.

Such partnerships are unsurprising considering that increasing numbers of retail investors are buying structu

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