Feature
Casam offers money market exposure with new ETF
Credit Agricole Structured Asset Management (Casam) has launched a new exchange-traded fund (ETF) linked to Eonia - the Euro Over Night Index Average, the rate of overnight unsecured lending between banks. The fund is listed on NYSE Euronext and achieves…
VSE launches Russian sector indexes
The Vienna Stock Exchange (VSE) has launched four Russian sector indexes, which are designed to provide exposure to the energy, metals, mining, oil and gas and telecommunications sectors. The indexes can be used as underlyings in structured products and…
Keydata unveils new income trade
UK distributor Keydata has launched issue 26 of its Extra Income Plan, which is designed to provide exposure to the FTSE 100 index. The trade will pay a monthly income of 0.67% (8.04% per annum).
US Wrap: Five from five closes the US week
Issuance was scattered across five providers in the US on Friday, as structured products market flow remains piecemeal. Three of the products were accelerated growth structures, alongside two structures from opposite ends of the risk spectrum: a…
Equity income boosted with new fund from Insight
Insight Investment, the UK-based fund manager, has launched a new equity fund with a derivative overlay to boost returns. The Equity Income Booster Fund targets an annual yield of 8%, using a call option overlay to help achieve its return and reduce…
CDS: Spreads widen with BofA trading over 400bp, Citi over 600bp
Credit default swap 5-year mid-levels for structured products issuers (Monday March 30)
Geithner proposes systemic risk US super regulator
Editor's blog
Lyxor launches gold ETN
Lyxor Asset Management, a wholly owned subsidiary of Société Générale (SG) has launched its first exchange-traded note (ETN), the Lyxor ETN Long Gold, which is listed on the London Stock Exchange (LSE). The note is designed to track, in real time, the…
CDS: US banks continue to widen
Credit default swap 5-year mid-levels for structured products issuers (Friday March 27)
Finra to issue investor alert on reverse convertibles
The US Financial Industry Regulatory Authority (Finra) is set to issue an investor alert on reverse convertibles, said one if its representatives at a New York conference this week. The body has concerns over both disclosure and suitability issues, said…
CDS: Spreads on US financials widen
Credit default swap 5-year mid-levels for structured products issuers (Thursday March 26)
US Wrap: Multiple issuers pile into S&P 500 exposure
Thirteen products have been offered by eight different issuers in the US structured products market over the past two days. Out of this offering, 10 have been linked to the S&P 500 index, including a range-bound structure from Morgan Stanley. The 100%…
CDS: European banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 25)
MSCI launches factor indexes
Index provider MSCI Barra has launched the MSCI Europe Momentum Tilt Index and the Europe Value Tilt Index, which are designed to be weighted towards stocks that are exposed to fundamental factors. The indexes are designed to be licensed as the basis of…
CDS: Spreads on banks stable, Stanchart moves below 300bp
Credit default swap 5-year mid-levels for structured products issuers (Tuesday March 24)
US Wrap: Goldman Sachs offers leveraged note
Goldman Sachs has launched a leveraged buffered equity note linked to the S&P 500 index, on what has been a quiet day for US issuance after yesterday's flurry of reverse convertible launches. Morgan Stanley, the only other issuer to place a trade, has…
CDS: Banks narrow after US treasury reveals public-private programme
Credit default swap 5-year mid-levels for structured products issuers (Monday March 23)
US Wrap: Royal Bank of Canada unleashes 20 new reverse convertibles
Royal Bank of Canada rushed into the issuance market last Friday with the release of 20 reverse convertibles, based on the fortunes of a whole range US stocks, from General Electric to Google and including the bold move of relating products to financials…
Turner Review promises to shake up UK regulatory system
Editor's blog
US Wrap: JP Morgan turns to Europe for growth
JP Morgan has launched an accelerated growth product based on European exposure, as reverse convertible issuance eases off again. The structure, which links to the DJ Eurostoxx 50, is the first of its kind from any issuer this year, as the index…
CDS: Citi and BofA lead widening on US banks
Credit default swap 5-year mid-levels for structured products issuers (Friday March 20)
CDS: Spreads on US banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 18)
CDS: Spreads narrow on financials led by Credit Suisse
Credit default swap 5-year mid-levels for structured products issuers (Thursday March 19)
US Wrap: Barclays continues reverse convertible momentum
Issuance surged in the US market yesterday as Barclays launched 22 reverse convertible notes, adding to the eight it launched yesterday. The new products represent a turnaround for the market, with total issuance for the week now at 55, already double…