Structural shifts


It is of little surprise that with equity markets tumbling over the past year or so, those investors still participating in the structured products market are looking for certainty.

Volumes are down across the board, but some dealers report a pick-up in interest in capital-guaranteed, income-generating products.

On the surface, this would seem to make sense. Capital is protected (assuming the issuer does not default), and the investor might receive a small annual coupon, along with a certain

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