Editor's letter: Growth products back in vogue

Richard Jory

After the prolonged period of uncertainty that followed in the wake of the financial crisis - particularly the damage inflicted by Lehman Brothers' late and ill-fated entry into the world of retail structured products - the headlines are at last starting to take on a more mellifluous tone.

Equity markets are behaving in a more rational manner, continuing their move upwards and, more importantly, appear unabashed by the latest bad news from a large ailing European sovereign - in this case, Italy.

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