US Wrap: Volumes small but underlyings diverse
The pick-up in issuance volumes has been short-lived as numbers have dwindled in the latest offering. Despite the rather meagre offering, there is diversification in the underlyings.
Eksportfinans offers broad US market exposure through the benchmark S&P 500 and it also offers access to Europe, Australasia and Asia –that is, developed markets outside of the US and Canada – through the EAFE Index.
Exposure to both is offered through two-year accelerated growth products, with 150% participation
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