Structured products
Reverse convertibles get a clean sweep in latest US structured products filings
All the structured products filed with the US Securities and Exchange Commission on March 27 were reverse convertibles
Insurers look to social housing to diversify asset mix
Social enterprise
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A rainbow of Asian opportunity
South African investors favour gold ETFs over gold stocks
South African gold mining stocks underperformed the world's largest gold ETF by 10% in 2011, boosting demand for gold exchange-traded funds
Technology, natural resources and banks fuel reverse convertibles rush
Fourteen reverse convertibles, mostly from UBS, one autocallable and two leveraged return notes make up the latest batch of structured products to be filed with the SEC
South African structurers struggle to meet demand for tax efficiency
Changes to the capital gains tax regime in South Africa are skewing returns and could pose increasing problems for product structurers, warn market participants
New EC rules on Prips to be released in the form of a regulation
Legislation the European Commission is preparing for structured products is being circulated to European Union member states and will come in the form of a regulation. Richard Jory analyses the final draft document
Goldman Sachs offers leveraged return note linked to 20 stocks
Goldman Sachs is offering a leveraged return note based on an extraordinary 20 US stocks. Friday's registration of structured products for the public issuance market was otherwise peppered with reverse convertibles, as well as the odd leveraged return…
FSA releases final guidance on retail structured products and does not equate complexity with riskiness
Though little has changed since the FSA published draft guidance on structured products towards the end of last year, the newly released formal guidance contains an additional steer on the subject of stress testing
Asian investors warm to volatility as demand for yield enhancement strategies grows
The need for better returns in a low-yield market environment is encouraging Asian investors to take a closer look at alternative investment strategies and the use of volatility as a hedging tool, with banks launching more enhanced, dynamic strategies in…
US investors get longer tenors, protection and bonuses
JP Morgan and HSBC have filed principal-protected notes with lengthy terms with the SEC, while UBS has registered three five-year autocallables linked to ETFs
S&P Indices partners with Isda to assess credit quality of US and European banks
S&P Indices launches equally weighted proxies that measure the quality of US and European banks in conjunction with Isda, the trade body for the global OTC derivatives industry
Straddles in vogue as Goldman and JP Morgan dominate
Both JP Morgan and Goldman Sachs filed three new products with the US Securities and Exchange Commission on March 21, offering a selection of autocallable, straddle, reverse convertible and leveraged return notes
Latest FSC crackdown decimates South Korean equity-linked warrants market
New rules on liquidity provider quotation thresholds see spreads widen and equity-linked warrants turnover plummet by more than 90%, leading investors to look offshore
Credit Suisse joins the technology trend with Apple straddle
UBS and Credit Suisse have both filed products based on the performance of Apple shares with the SEC. Half of the latest products registered with the regulator are leveraged return notes
Investors split on 100-year gilt proposal
An ultra long-dated gilt will provide observable market data for liability discounting, but investor demand at the 100-year maturity is questioned
Belgian private banks shy away from structured products
Extracting value from high-net-worth investors became a priority for Belgian banks in response to the Financial Services and Markets Authority's moratorium, but as mounting regulatory pressure spooks investors, private banks are bringing their structured…
UBS offers investors a bite of Apple
UBS has filed two reverse convertibles linked to the stock of Apple, while JP Morgan picks Netflix as a technology underlying
Dow Jones Indexes offers broader Russia index for use in Lyxor ETF
Dow Jones Indexes has increased the number of components in the Russia GDR Index to 17 for use in the Lyxor ETF Russia exchange-traded fund