Structured products
Gilliat note provides choice of counterparty
A tale of two issuers
Kickouts and correlation
Kickouts and correlation
All about the rate
Subject to the rate
FVC custom indexes
FVC custom indexes
Esma levels ETF playing field
Levelling the field for synthetic ETFs
People: Deutsche Bank hires Houari to head equities structuring
Houari touches down at Deutsche
Lookback
Lookback
Non-linear mixture of asset return models
Non-linear mixture of asset return models
Stiff competition in US ETF market forces closure of 40 funds
The big three providers in the US ETF market are consolidating their market share, while smaller firms are struggling
Retail structured products pose systemic risk, concludes report
Retail structured products pose systemic risk, concludes report
Structured products offer accelerated returns on US equity market gains
Banks have launched a swathe of S&P 500 leveraged return notes on the back of new highs for the benchmark US equity index
Regulation could create uneven playing field for structured products, say participants
A UK ban on commission payments to independent financial advisers will likely not be replicated in Europe, putting UK structured products at a competitive disadvantage, some participants warn
Capital-at-risk structured products receive highest proportion of successful complaints: UK
More complaints against structured capital-at-risk products were resolved in favour of UK consumers than for any other financial product investigated by the Financial Ombudsman Service last year
New structured products guidance in Hong Kong raises tech bar
Issuers will have to invest more in IT following the release of new guidelines for Hong Kong’s listed structured products market
Portfolio theory vindicated by crisis, says Markowitz
Nobel prize-winner defends his work on portfolio theory, which critics claim has been discredited by the crisis
New Esma ETF guidelines change the rules on securities lending in favour of synthetics
The latest European Securities and Markets Authority guidelines for Ucits ETFs will make life more difficult for physically backed ETFs and point to a growing acceptance of synthetic funds
Rare Euro Stoxx 50 structured product launched in the UK
Eurostoxx 50 Supertracker offers UK structured product investors geared exposure to European equities
Commodity alpha strategies suffer from surge in grain prices
Rising grain prices resulting from drought conditions in the US prompt unwinding of positions as banks work to add additional signals into alpha strategy algorithms
Momentum trading: ’skews me
Momentum trading: ’skews me
UBI sells strategy-based products to retail in Italy for the first time
UBI sells strategy-based products to retail in Italy for the first time
Fears that Prospectus Directive update will curb structured product innovation
A change in the requirement for the final terms of a prospectus could restrict innovation in structured products, say market participants
Market snapshot
Market snapshot