Structured Products - 2009-06-01
Articles in this issue
Preaching protection
Continuing a series of interviews with national regulators about structured products, we talk to Maria Jose Gomez Yubero, head of investor protection at the Comision Nacional del Mercado de Valores, about the fallout from the Lehman Brothers bankruptcy,…
US stock pick
Product Reviews
The trace race
The concept of traceability has been a great success in the food industry. Would its adoption by the structured products industry be the quickest way to restore confidence in European markets and help a shattered banking sector? Participants at last…
'X' marks the spot
In a little over two years, DB x-trackers has captured an impressive 17% share of Europe's ETF market. With an existing portfolio of more than 100 products, the provider now plans to expand its offering in Asia while developing new product types such as…
More speed, more efficiency
Banks are increasingly aware of the speed and efficiency that is required to process data when creating and dealing in structured products. Calls for transparency and liquidity mean it is vital to choose systems that can cope with the products'…
Product performance
Data
Two wrappers and protection
Product Reviews
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Product performance
Data
Wrap it up and start again
Marketing structured products is a tough challenge, with both nascent and established markets battered by the Lehman Brothers collapse. Meanwhile, providers must also adapt their techniques to suit interactive and online channels, and be increasingly…
Tapping the Source
Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch took a look at the exchange-traded product market, particularly in Europe, and decided that to enter as a provider they needed scale. So the three got together and created Source. Richard…
Holding counterparty risk at arm’s length
Exchange-traded funds have been as exposed to talk of counterparty risk as the next structured product, although the risk is lower. Under the European Union's Undertakings for Collective Investment in Transferable Securities III regulations, ETFs are…
Habsburgo at the helm
Family office Habsburgo and Asociados in Mexico builds large, tailor-made portfolios comprised of structured products for its clients. The approach has paid off over the past year as the products have performed better than traditional assets, but while…
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
Size matters at Lyxor
Lyxor has been building its exchange-traded fund business for eight years and now boasts EUR24.4 billion of assets under management - almost a quarter of the European market. What began as a single offering on the CAC 40 now aims to be a complete toolbox…
Baird steps forward
US distributor RW Baird founded its structured products business in 2007 from a standing start, building the infrastructure, compliance and educational initiatives from scratch. Sophia Morrell talks to Dayna Kleinman, the company's vice-president of…
A capital lifeline?
Guaranteeing investors' capital with your own bonds has always been a convenient way for banks to borrow money from investors at the same time as offering them a cut in the upside of the chosen underlying in a structured note. Such fundraising is often…
A barrier of sorts
Product Reviews
Testing the metal
Interest in physically backed exchange-traded gold products boomed last quarter on the back of counterparty risk fears. But the industry is divided on what impact the surge of inflows had on the physical gold market's prices. Could the same effect now be…
Product reviews by Future Value Consultants
Product Reviews
A steadier ship
Cautious optimism pervaded the fourth annual Structured Products Americas conference, held in May at the Biltmore Hotel in Coral Gables in Miami. Speakers and panellists seemed happy to reacquaint themselves with terms such as volatility, correlation and…
