Structured products
Société Générale CIB adds in equity derivatives
Arié Boleslawski has joined Société Générale Corporate & Investment Banking as head of the exiotic trading desk for equity indexes and funds in Europe, and Selim Mehrez has joined as head of pricing and new products for equity derivatives in Europe.
NDFA launches trio of plans
NDFA has launched three structured products designed to offer income, enhanced growth or capital security. The Regular Fixed Income Plan June ’08 is linked to the FTSE 100 index and offers a fixed annual income of 7% per year, or the option of 0.57%…
Stoxx to launch dividend points calculation product
Stoxx will launch the Dow Jones euro stoxx 50 DVP (Dividend Points), its first official calculation product that provides pure dividend data of the DJ euro stoxx 50 index, on June 16.
Ambac, MBIA finally succumb to S&P downgrade, Moody's to follow suit
Beleaguered monoline insurers Ambac and MBIA have lost their Standard & Poor's (S&P) AAA ratings, just a day after Moody's placed both firms under review as a precursor to downgrade action of its own.
Macquarie adds to infrastructure index series
Macquarie has launched its Emerging Markets Infrastructure and Development Index (Memidi), which tracks the rise in infrastructure spending due to demand from urbanites in emerging markets economies by reference to the performance of the 50 largest…
Arc offers potential 19% with latest kick out
Arc Capital and Income has launched its latest kick-out product offering investors a potential 19% coupon after one year. The Arc Stepped Kick Out Plan 5 gives investors the choice of two different risk profiles depending on the underlying stock indexes,…
ING offers Middle East exposure; launches reverse exchangeable note in Brazil
ING Bank has launched a Middle East Access Note which provides exposure to four funds focused on the Middle East. The bank has also launched a USD Worst Of Barrier Reverse Exchangeable Note linked to three Brazilian shares.
BNP Paribas offers Conquistador 20 to French investors
BNP Paribas has launched a new collective investment trust (fonds communs de placement) targeted at cautious French retail investors who want equity exposure. Conquistador 20 is linked to a basket of twenty Euro zone shares, with a capital guarantee at…
Dawnay Day Quantum launches China investments
Dawnay Day Quantum has launched its China Investment Series, which comprises two structured products offering exposure to the growth in China’s economy.
Daiwa Launches Singapore’s first sharia-compliant ETF
Daiwa Asset Management (Singapore) has launched Singapore’s debut sharia-compliant exchange-traded fund (ETF) on the Singapore Exchange (SGX) (see Structured Products magazine, August 2007). The Daiwa FTSE Sharia Japan 100 (Daiwa ETF) offers exposure to…
Arc closes Fixed Income Plan 5 early and opens Fixed Income Plan 6
Arc Capital & Income has closed its Fixed Income Plan 5 two weeks early due to a high level of demand. Consequently, Arc has opened its next issue, the Fixed Income Plan 6. The five-year plan offers two income options linked to the FTSE 100 and the S&P…
ABN Amro combines Bric, infrastructure and commodities in Australia
ABN Amro in Australia has launched the Altera Securities investment which provides exposure to Bric emerging economies, the food and energy sectors and global infrastructure.
S&P proffers Asia property
Index provider Standard & Poor’s has launched the S&P Asia Property 40 Index which offers exposure to listed companies in the Asian property and real estate markets. The index is designed to underlie investment instruments such as structured products and…
Bradford & Bingley sells 23% stake after suffering losses
UK mortgage lender Bradford & Bingley has agreed to sell a 23% stake of the company to US private equity firm TPG Capital following announcements of losses for the first four months of the year.
Three early lessons from the subprime crisis
Academic Paper