Articles by Tim Mortimer
Brexit is a tragedy for EU financial services regulation
Loss of influence belies critical role UK played in crafting sensible financial rules
Why the Priips risk indicators hurt structured products
Risk ratings ignore soft barrier protection and make differentiation difficult
Risk managing structured products in a falling market
Capital-at-risk products with European-style barriers inherently more vulnerable in a downturn
FVC review: Barclays dual-index autocall pays monthly coupons
Short-tenor product tied to Euro Stoxx 50 and Russell 2000
Equities slump could favour defensive structured products
Products with defensive strikes allow investors to make gains in falling markets
FVC review: Reyker offers six-year FTSE 100 digital plan
Royal Bank of Canada product features defensive strike of 80%
FVC review: SG launches FTSE 100 product with defensive strike
Product would have beaten index tracker nearly twofold over past six years
FVC review: Mariana structured note offers range-bound income
Coupons could surpass risk-free rate but indexes must remain within defined range
How ‘worst-of’ strategies can outperform index-linked products
Stock-based structured products can outperform index-linked counterparts but rigorous analysis is key
Unpicking risk in the Priips framework
Lack of precision leaving little time to finalise technical standards
Locking in returns using quanto structured products
Hedges required to lock in performance on constant currency terms impact product pricing
Narrow range of index products stifles investor choice
Lack of liquid options on European mid-cap benchmarks leaves investors stuck with the blue chips
Smart beta versus structured products: the investor’s conundrum
Many investors favour one approach over the other, belying their similar aims
A closer look at momentum-driven smart beta strategies
Investors seeking returns from momentum strategies should know what’s under the hood
How autocallable structured products came to dominate the retail market
Products still seen as easier sell than issuer-callables
Beware the pitfalls of averaging in structured products
Practice is useful for dampening volatility in valuations but carries risks
Trade of the month: Multi-issuer structured products
The pros and cons of obtaining diversification through multiple counterparties
Pricing multi-asset trades – part two
Correlation sensitivity in multi-asset structured products explained
Pricing multi-asset trades – part one
Trading and pricing correlation for structured products
Single stocks versus indexes as an underlying asset
Allocation and better terms drive investors to single-stock underlyings
Market snapshot: SG more than doubles UK issuance
Investec continues to lead UK issuance, but with smaller market share
Trade of the month: leveraged return notes
Capped upside in leveraged return notes works in gently rising markets
Trade of the month: income-paying autocalls
Phoenix structures offer fixed coupons all the way to the autocall
Market snapshot: Investec leads UK issuance
Capital-at-risk kickouts were the most popular structures