Structured products
Single Family Offices reduce equities, increase cash, and ETF education
Education will increase the allocation that family offices in Europe make to structured products and exchange traded funds (ETFs), says Gary Dugan, chief investment officer EMEA of Merrill Lynch Global Wealth Management and Bruce Love of Campden Research…
Risk South Africa: investors have changed commodity markets
Increased investor involvement in commodity markets has changed the way they operate, according to Danny Masters, co-founder of commodity hedge fund Global Advisors and former head of the global energy trading group at JP Morgan.
Outlook positive for commodities investors
Investors are bullish about commodities in the long term, according Barcap's annual investor survey, with 79% of participants planning to initiate or increase their exposure to commodities over the next three years.
Ice launches US CDS clearing service
Atlanta-based derivatives exchange IntercontinentalExchange (Ice) launched its credit default swap (CDS) central clearing platform on March 9 after receiving the green light from the Securities and Exchange Commission (SEC) on March 6.
Dow Jones and SAM launch Asian sustainability indexes
Index provider Dow Jones Indexes and SAM, a sustainability investing specialist, have launched the Dow Jones Sustainability Asia Pacific and the Sustainability Asia Pacific 40 indexes. A license for the DJSI Asia Pacific has already been signed by…
CDS: Citi's spread continues to climb toward 600bp
Credit default swap 5-year mid-levels for structured products issuers (Friday March 6)
US Wrap: Equity bulls come out in force with growth structures
Accelerated growth products were the only structures to be launched in the US market yesterday, linking to both international and domestic equity. International exposure was provided by two products linked to the iShares MSCI Eafe Index fund. It was…
Risk South Africa: more transparency needed to end crisis
Government programmes aimed at ending the global financial crisis require greater transparency to shore up investor confidence, said Robert McAdie, global head of credit strategy at Barclays Capital.
CDS: Spreads widen on European and US banks, Citi trading at 565bp
Credit default swap 5-year mid-levels for structured products issuers (Thursday March 5)
US Wrap: UBS puts in an appearance with S&P 500 based straddle product
UBS graced the US market with a rare appearance as an issuer yesterday, offering up 100% principal protection absolute return barrier notes linked to the S&P 500 Index. UBS Financial Services is agent for the straddle product based on an underlying that…
Bank of England reveals £75 billion asset purchase programme
The Bank of England plans to buy up £75 billion of assets over the next three months, including medium-term government bonds (gilts) in the secondary markets and commercial paper from the private sector.
Basel Committee to look at Tier 1 capital quality
Daily news headlines
Meteor proffers Prima Kick-out Growth Plan 14
UK distributor Meteor Asset Management has launched its Prima 14 Kick-out Growth plan which is designed to provide exposure to the FTSE 100 index. The trade is issued by the triple A-rated Rabobank, and is the second product this week that the Dutch bank…
US Wrap: HSBC looks back as JP Morgan dominates distribution
HSBC launched four autocallable products linked to the S&P 500 index yesterday, each offering different levels of risk and reward. The products range in maturity from one to two years, and one features downside gearing of 111.11%. Two of the HSBC notes…
Britannia rolls out guaranteed bond
UK distributor Britannia International has launched the eighth issue of its Guaranteed Capital Bond, which is designed to provide exposure to the FTSE 100 index.
CDS: Bank of America leads widening on US banks
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 4)
Jubilee sources credit quality
Jubilee Financial Products has launched issue one of its Early Redemption Plan, which is designed to provide exposure to the FTSE 100 index. The trade is issued by triple A-rated Rabobank.
Basel Committee to look at Tier 1 capital quality
The Basel Committee on Banking Supervision is preparing radical changes to its rules on capital quality, including a 'soft target' of 75% for equity capital - up from 50% today - and the possible abolition of two-tier capital, according to a senior…