Editorial: Neat tricks


Richard Jory

Did you know that capital protection could be cheaper? If not, you've been talking to the wrong boffin at the wrong bank. Financial markets that have whipsawed for the past four years should have provided the spur for investing in structured products, but they haven't. This is not only because of the fallout from the bankruptcy of Lehman Brothers, it is also a result of the collapse in interest rates across most of the world's markets.

The success of a structured product is heavily reliant on

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