Structured products
WHAT IS THIS? Structured products are investments that have multiple components. For retail investors, the most common form is a bond plus an option – these tend to be standardised, sold in small tickets and large volumes. Managing the risks of large structured products portfolios is one of the biggest challenges dealers face.
People: Citi shakes up structuring group
Citi shakes up structuring group
Editorial: Protecting privacy
Regulators have not produced a new code for private banking and wealth management. They have simply allowed new rules for retail products to creep into the wealth space
Lookback
Lookback
Structured Products: Asia Report
Structured Products: Asia Report
Trade of the month: Bear market products
Trade of the month: Bear market products
Société Générale offers alternative to spread betting to UK and German markets
Société Générale's product is likely to be used by those who have lost out on spread betting or equity investors wanting to boost returns.
US structured products show preference for baskets of underlyings
Recent US structured products issuances have contained several products with multiple underlyings and the latest follows suit with basket products from HSBC, Barclays and Morgan Stanley.
Product retrospective: Perfect for pensioners
Perfect for pensioners
BMO gains stronghold in the US issuance with raft of reverse convertibles
Reverse convertibles are the product of choice in the latest issuance, Bank of Montreal has the lion's share.
HSBC lists physical Russia ETF as noise around swap-based ETFs grows louder
HSBC's head of ETFs says the bank has no plans to create swap-based products and there should be steps to make structures clearer to investors.
ETF providers hit back at 'hearsay' in the press and regulator concerns about synthetic ETFs
ETF providers have been angered by the continuing focus on synthetic ETFs by regulators such as the Bank of England and the IMF. But they are particularly concerned about the bad press coverage.
Merchant Capital rapidly expands its distribution arm with the addition of seven staff
Merchant Capital expands its distribution arm with the addition of seven staff
Tenors get extended as structurers face poor market conditions
Maturities for US structured products get stretched and Barclays issues a reverse convertible with a high risk rating
'Investor uncertainty' dampening new ETF investment in Europe
Events in peripheral Europe and slow growth in other developed markets have left many investors sitting on cash or maintaining current ETF positions
Meekins is first to take local lead at Daiwa
Keith Meekins is the first non-Japanese chief executive at Daiwa Capital Markets Europe
Ossiam enters European ETF market with listings in France, Germany, Italy and London
Paris-based exchange-traded funds provider Ossiam will finish its first round of listings in London next week
UK Structured Products Association joins the JAC
The SPA is the latest addition to the Joint Associations Committee, which has been bolstering its membership in recent months following the release of its core structured products principles
Engineering debate
Malaysian Structured Products Forum 2011
Trouble in Taiwan's structured notes market
Tension in Taiwan
Bank of America offers digital payout while three issuers compete with leveraged S&P 500 products
Barclays reverse convertibles dominate the latest US structured product offerings, but there is also diversion into digital payouts and leveraged returns
Shortage of underlyings is stunting development of renminbi products, say providers
Market participants say a lack of renminbi-denominated underlyings is slowing down the development of renminbi-denominated equity-linked products
Inflation and interest rate differentials favouring emerging markets
Long-term prospects for emerging markets look promising, but a more challenging global backdrop and ongoing inflation pressures argue for continued caution, according to European market participants