How ‘worst-of’ strategies can outperform index-linked products
Well-informed investors can use stock-based structured products to outperform index-linked instruments, but caution and rigorous analysis are key
Tim Mortimer is managing director of Future Value Consultants
Structured products that use single stocks and ‘worst-of' combinations of stocks as underlying assets continue to account for a significant proportion of issuance in all markets. Such constructions tend to be seen most in reverse convertibles and autocalls, the two most common capital-at-risk products. The reason for this is that they
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