US structured products show preference for baskets of underlyings

Basket products have hit the US market in force – there have been several in the last few issuances, the latest is no exception and some of the products include an interesting mix of underlyings.

One of these is a one-year HSBC review product on a basket of two exchange-traded funds (ETFs) and a Bermudan insurance company: the Market Vectors Agribusiness ETF, Omega Insurance Holdings and the SPDR S&P Metals and Mining. Barclays has also issued a review product that mixes different types of under