A little protection

US market


Gloomy prospects for US financial markets this year have failed to suppress a buoyant structured products space. Issuance for 2007 has now been confirmed to have topped the $100 billion mark, as predicted by the US Structured Products Association, which represents a rise of almost 80% on last year's $64 billion.

The market's current shape remains similar to its embryonic beginnings in 2003, when issuance was a mere $28 billion, in that reverse convertibles still constitute the majority of product

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