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Structured products

Aggregate wins

Pershing, the broker-dealer subsidiary of the Bank of New York Mellon, has consolidated its position as an industry heavyweight with the August launch of an online portal giving investment advisers access to hundreds of products. So how does it see the…

A simple plan

Changes to capital gains tax and the spectre of counterparty risk have done no favours for the German structured products market in the latter half of 2008. But with a level tax landscape due in 2009 and a move towards simple structures, Berenberg Bank…

CD wrapping

JP Morgan is offering a three-year growth product linked to the S&P 500 index with principal protection in a CD wrapper. Participation goes up to a 145% knock-out level

Feeling deflated

The consensus is that interest rates are headed for zero in 2009, with even the long end of the curve looking depressingly flat. William Rhode looks at how structured products are likely to function in such an environment - from both an issuer and…

Market snapshot

Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month

Trimming the tenor

The Hong Kong market is undergoing a massive shift in the type of products that are distributed as investors opt for simple, short-dated, capital-protected investments because of uncertainty about long-term trends. Hang Seng Bank is even offering…

Playing house

Arc Capital and Income is offering a six-year capital-protected product linked to the UK Halifax House Price Index. It offers 100% participation in any performance above 70% of the initial index level

The pause before paradise?

If you think markets are finally at the bottom, this could be the time to start making the switch from cash. You could also plump for credit products in 2009. All that is required is a return of stability, meaning no more horror stories. But how likely…

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