US Wrap: Reverse convertibles focus on funds

Barclays reverse convertibles offer exposure to funds

Funds are yet again a popular underlying for investments in the US market. These instruments have experienced global growth as investors look for transparency, and using them in structured products means providers can offer different types of exposure to funds. In this offering, Barclays has chosen to use them as the basis for reverse convertibles, an unusual choice as in the US market as these instruments are usually based on single stocks.

One of these products is the Reverse Convertible Notes