The issuance of reverse convertibles is far outpacing that of other product structures in 2009. Since January, the US market has been home to 173 new reverse convertibles, almost double the number for the next most popular structure. The 90 accelerated growth issues have generally offered exposure to the recovery of the S&P 500.
Linking to the S&P index has proved most popular across all product types with over one hundred products using the index as an underlying, some with not just capital at r
The week on Risk.net, April 7–13, 2018Receive this by email