Structured products
Trading and technical gains outweigh loan losses in Q1
Strong trading results have offset large loan losses as banks report a mixed bag of first-quarter results.
S&P offers interest rate arbitrage indexes
Index provider Standard & Poor's has launched the S&P Forward Interest Rate Arbitrage Index series, which is designed to provide exposure to interest-rate based investment strategies. The index series, which will comprise indexes for seven countries…
CDS: Spreads widen further on financials
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 21)
US Wrap: JP Morgan offers investors the lesser option
JP Morgan has launched a three-year kick out note which pays investors the lesser performance of the S&P 500 or Russell 2000 index if it does not autocall. The Lesser Performing Index Single Review note includes just one observation date 12 months into…
iShares continues fixed income ETF run
iShares has launched four new fixed income ETFs, adding to the four launched by the fund provider last month as it continues to build its business in the asset class. The new funds, which are listed on the London Stock Exchange (LSE), offer exposure to…
Goldman advocates carry trade; analysts disagree
Background conditions might be improving for the carry trade, but investors are still too wary to return.
PPIP participants possibly exempt from compensation limits
Asset managers that participate in the Public Private Investment Program (PPIP) with the US Treasury will probably be exempt from executive compensation limits imposed on private entities that have accepted government bail-out funds, Treasury secretary…
Isda AGM: China on course to further develop derivatives
The Chinese authorities are supportive of the development of a bilateral derivatives market in the country, despite losses suffered by corporations, asset managers and individuals from derivatives-linked products during the past year.
CDS: US bank spreads widen
Credit default swap 5-year mid-levels for structured products issuers (Monday April 20)
Keydata offers choice of counterparty
UK distributor Keydata has launched issue 16 of its Dynamic Growth Plan Plus, which is designed to provide exposure to the FTSE 100 index. The plan has two options, each backed by a different counterparty.
US Treasury failing on Tarp oversight, report finds
The US Treasury's $700 billion Troubled Asset Relief Program (Tarp) is vulnerable to fraud, abuse and profiteering, due to a lack of proper supervision, according to a highly critical report from the programme's inspector-general published today.
US Wrap: Barclays makes energetic leap into reverse convertibles
Barclays launched 27 reverse convertibles into the US market at the close of last week, making it one of the busiest days in the market so far in 2009. The notes range in duration from three months to a year and cover several sectors, including retail…
BofA Merrill Lynch, Goldman and MS launch European ETP initiative
Source, an open architecture exchange traded product (ETP) platform created by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley, has launched 13 ETFs and 22 ETCs (Source T-ETCs) for European investors. The platform has been created with…
Investec rolls out eighth tranche of products
Investec has rolled out the latest versions of its product range, continuing a successful run among UK investors. The launch includes a new capital guaranteed offering structured around a deposit which pays income linked to the performance of the FTSE…
CIMB launches China recovery structured fund
CIMB-Principal Asset Management Berhad has launched its China Recovery Structured Fund, which aims to provide exposure to China equity and take advantage of the possibility of an economic recovery in China over the next five years.