Getting the measure of indexes

Indexes

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As the universe of emerging markets structured products continues its rapid expansion, investment themes based on stock indexes are becoming more tightly focused.

Whereas two or three years ago a broad global emerging markets or Bric (Brazil, Russia, India and China) theme was enough for most private banking clients, in today's market high-net-worth investors are increasingly likely to want to make narrower bets based on small groups of countries or even single jurisdictions.

But replicating the h

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