German banks in fight for market share as FTT looms

The waiting game

german flag

Structured product providers in Germany face a sluggish market in which most retail investors ignored the opportunity to take on more exposure to equities during the Dax 30's rise from 6,600 in September 2012 to 8,200 in August. Investors' caution throughout the bull run has meant that when they have put on equity exposure, it has mostly been through conservative coupon-generating structures. At the same time, a generally low level of volatility in 2013 has slowed demand for the leveraged

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