World Cup infects structured products
In 1998 England lost at football to Argentina in the World Cup. In the three days that followed, hospital admissions for heart attacks rose by 25%. In a different study, the same researchers discovered that the stock prices of publicly traded European football teams tend to go up when the teams win a lot, and fall when they lose – regardless of revenues and profits.
The first mention I can find of structured products linked to football is in 2003, when we reported on the Federation
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