Swiss sophistication
Swiss investors have been stung by losses stemming from typical worst-of structures, while the aftermath of the credit crunch is eroding confidence even further. But New Private Bank is restoring some faith with original structures and a safe approach to credit ratings. By Emma Dunkley
Switzerland is one of the largest and most sophisticated structured products markets in Europe. At present, the total value of structured products issued in Switzerland amounts to around SFr330 billion (US$291 billion), which constitutes 6.7% of all assets under management, according to New Private Bank (NPB). While structured products remain in vogue in Switzerland, the market is growing more slowly than last year as a result of the turbulent financial markets.
"Investors are more reluctant to
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