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.
Tax uncertainty in the run-up to the US elections is bad news for structured products
As pre-election battles focus on the Bush administration's tax cuts and other economic issues, uncertainty regarding future tax levels is persuading many investors to remain in cash.
US market split between emerging and developed equities
The latest structured products released in the US public market include a divergence of exposures, split between reverse convertibles and accelerated growth. Underlyings are dominated by US and emerging equities.
US wrap: RBS favours precious metals reverse convertibles
Royal Bank of Scotland dominates the lastest US public issuance with its reverse convertibles, while precious metals hold their position as a popular underlying.
US wrap: Financials are the name of the game
The financial sector provides the basis for several products in the latest US issuance, reflecting a general trend in the structured products market.
McCabe to head client structuring at Lloyds TSB
Phil McCabe moves from RBS to Lloyds TSB to lead structuring team
Low volatility favours accelerated plans
UK investors have recently been offered emerging markets as an underlying, a commodity fund and no capital protection as providers have been able to structure some attractive payoffs
RBS treats German investors to emerging markets structured notes
RBS offers the exotic to German investors
Harewood launches commodity certificate to meet demand for diversification
Harewood Solutions has launched a commodity certificate linked to the BNP Paribas Oscillator commodities index.
Singapore court dismisses investor claims against Standard Chartered over Lehman notes
A claim against Standard Chartered Bank in Singapore has been dismissed by a local court. The lawsuit was based on Lehman Brothers structured products bought from from American Express Bank, which Standard Chartered acquired in 2008.
Corporate statement: Next-generation investors — How retail clients will invest in 2020
Next-generation investors — How retail clients will invest in 2020
US wrap: Bank of Montreal joins issuance as single emerging markets remain popular
Bank of Montreal has made its first appearance in the FVC listings with a reverse convertible on a financial stock.
Deutsche Bank launches euro sovereign bond ETFs
db x-trackers has listed two euro sovereign bond ETFs in Frankfurt, giving access to high yield or AAA eurozone debt.
Lookback: Bidding farewell to sovereign crisis
Investors are now more interested in market fundamentals rather than the potential for further bad news about European sovereigns, according to Barclays Capital's fourth quarter outlook
Trade of the month: Multi-asset products
Trade of the month: Multi-asset products
Market snapshot
Market snapshot
Distributor profile: Promoteo waits for bonds to lose their shine
The waiting game
Distributor profile: Samsung's novel approach to equity-linked securities
Primed for portfolios
Irish providers try to get the better of deposits
Battling deposits
Asia providers on best behaviour for new regulatory regime
A change of regime
Electronic trading and the need for speed
The need for speed
Investing in the water theme
Water: source of life, source of returns
Marrying correlation and asset allocation
Coping with correlation
Replicating infrastructure exposure with structured products
New directions in infrastructure