An essential selection

Market View


In Asia, a report from research firm Cerulli has found that fund managers expect to show creativity in product innovation in order to fend off competition from structuring banks. The Cerulli survey suggests that more than 70% of 20 fund managers polled are "concerned" about the widespread availability of structured notes, while 80% of respondents said they expect structured notes to at least partially replace mutual funds in the medium term.

In fact, the report concluded that derivatives

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