A focus on ETFs

Structured products

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At first glance, the retail structured products market in South Africa looks pretty miserable. For a few years, as the country was reborn following the end of apartheid in the early 1990s, structured products – especially those offering foreign exposure with capital guarantees – were a huge hit. Pent-up demand for foreign investment drove issuance, and the market grew from nothing in 1997 to around R4 billion ($627 million) in 1999. Since 2001, however, demand for retail structured products

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