Structured products
Deutsche Bank launches ETF of hedge funds
Deutsche Bank has launched an exchange-traded fund (ETF) giving investors access to hedge funds based on its managed account platform.
US Wrap: Alternative structures fail to break accelerated growth run
Yesterday marked the fourth consecutive day in the US structured products market which saw accelerated growth structures make an exclusive appearance. Two products were linked to the S&P 500 index, issued by JP Morgan and Deutsche Bank, with the latter…
Dow Jones offers South Asian Federation indexes
Index provider Dow Jones Indexes and the South Asian Federation of Exchanges (Safe) have launched the Dow Jones Safe 100 Index and the Dow Jones Safe Pakistan Index, which measure the performance of blue-chip companies in five of the eight member states…
CDS: Spreads continue to narrow on US banks, BofA tightens 13%
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 11)
Time ripe for inflation investments and hedges, says Sinopia chief
The launch of a variety of fiscal stimulus packages by Asian and western governments combined with quantitative easing by some central banks has renewed concerns about the risk of significant increases in future inflation rates around the world.
US "should set national house value floor" to arrest declining prices
The Obama administration's attempt to revive the housing market by modifying mortgage payments should be scrapped and replaced by a national US house price floor set by the government, a prominent hedge fund manager has claimed.
SunTrust broadens exposure with deposit product
SunTrust Bank has launched a certificate of deposit (CD) for US investors which offers exposure to a World Basket of US, Japanese and European equity indexes. The five-year CDs pay a minimum fixed return of 3% at maturity, plus 100% of initial investor…
US Wrap: S&P 500 slips into minority as issuers hit the accelerator
Accelerated growth structures put in another strong appearance yesterday, representing the only structure on offer in five new issues for the second day in a row. The S&P 500 was an underlying for only one of the structures, as exposure continues to…
CDS: Spreads tighten on US banks
Credit default swap 5-year mid-levels for structured products issuers (Tuesday March 10)
World Bank predicts global recession and credit squeeze for poor countries
The world economy will shrink overall this year for the first time since the Second World War, the World Bank has predicted, adding that rich nations' stimulus programmes may leave poorer countries struggling for financing.
CBOE chief sees SEC reintroducing short-selling uptick rule
The Securities and Exchange Commission (SEC) will shortly put forward a consultation paper looking to reintroduce the uptick rule and seek to comprehensively put a stop to naked short selling, the chief executive of the Chicago Board Options Exchange …
Senior Supervisors Group: CDS auction process working
A report released on March 9 by the Senior Supervisors Group (SSG) suggests the auction process for settling credit default swaps (CDSs) - tested several times over the past six months - is working.
Bernanke calls for regulatory overhaul of financial system
An overhaul of how the government regulates the financial system is required to prevent future economic crises, said US Federal Reserve chairman Ben Bernanke in a speech delivered before the Council of Foreign Relations in Washington today.
Roubini: Short-term nationalisation of US banks is best means to end recession
Ailing US financial institutions being propped up by capital injections from the Federal Reserve should instead be put into short-term nationalisation to hasten the end of the recession, a leading academic has said.
Japanese CDO market shrinks in 2008, says Moody's
The collateralised debt obligation (CDO) market in Japan last year contracted by 12% to about ¥1 trillion ($10.2 billion) in terms of deals rated by Moody's Investors Service.
Sassoon report suggests folding FSA into the Bank of England
Daily news headlines
CDS: No respite for BofA and Citi
Credit default swap 5-year mid-levels for structured products issuers (Monday March 9)
Morgan Stanley launches protected growth plan
Morgan Stanley has launched the latest tranche of its FTSE Protected Growth plan, which is designed to provide exposure to the FTSE 100 index with 100% capital protection. The six-year trade offers 100% participation in any positive performance of the…
iShares launches four fixed income ETF
iShares has launched four new fixed income exchange traded funds on the London Stock Exchange offering access to investment grade debt, corporate bonds, G7 bonds and to the shortest-dated European government instruments.
Barclays Wealth begins move towards product pricing for investors
Barclays Wealth has launched a semi-annual valuations service for structured products investors, which allows them to capture a snapshot of how their investment is performing. The online document freezes the performance of the underlying on a certain…