ETF surge shows ‘worst-of’ autocalls have life in them yet
Assets in older structures have caught up with vol target versions that looked set to dominate
In the fast-growing niche of autocallable exchange-traded funds, issuers are touting both new and classic structures as they compete for market share.
The sums of money in a segment that emerged only a year ago are small – $3.4 billion in total. But efforts to attract investors by offering innovative higher-yielding structures mirror a tussle between old and new across the broader $100 billion-a
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