Indexes
Shrinking dividends may be a mixed blessing
Implied dividends beyond 2009 remain at highly distressed levels, creating torment for dealers and hedge funds with dividend exposures, but providing opportunities for market participants elsewhere.
US Wrap: Natixis and Goldman opt for external credit
Half the notes launched in the US market yesterday were underwritten by credit agencies, as counterparty risk concerns continue to stalk the market. Goldman Sachs opted for Swedish Export Credit Corp as the issuer for two accelerated growth structures,…
Casam lists 11 new ETFs as issuance accelerates
Credit Agricole Structured Asset Management (Casam) has listed 11 new exchange-traded funds (ETFs) covering different sectors in Europe, Eastern Europe, broad European equity exposure and two Asian markets.
US Wrap: Reverse convertibles hold sway as underlying scope widens
Reverse convertibles dominated US issuance on Friday, as did Barclays Bank, which issued 13 of the notes. Alongside the usual smattering of energy companies, two gold producers were included - a different perspective from investing in the precious metal…
Barcap offers new accounts for offshore bond series
Barclays Capital has launched two new structured deposit accounts for its offshore bond series: the three-year guaranteed digital and the five-year guaranteed FTSE 100 deposit accounts. The accounts are designed exclusively for use within offshore bonds…
UK weathers the storm
Markets
Capturing dividends
Cover Story
After the gold rush
Commodities
Structuring with caution
Zurich
Reasons to be cheerful
Comment
US Wrap: Flows stabilise as Deutsche Bank broadens US equity exposure
Seven issues were added to a consistent week of issuance yesterday. Alongside the staple of S&P 500-linked products, Deutsche added a broader slice of US equity exposure, with an accelerated growth product linked to the Russell 2000 index, the S&P 400…
Deutsche offers inverse ETF to Asian market
Db x-trackers, the exchange-traded fund (ETF) arm of Deutsche Bank, has launched four new ETFs on the Singapore Stock Exchange including Asia's first inverse fund, the S&P 500 Short ETF, which tracks downwards moves in the S&P 500.
Investec rolls latest offerings off production line
Investec Structured Products has launched its seventh suite of structured trades comprising accumulation, investment and income plans all linked to the FTSE 100 index. In the income category is the five-year FTSE 100 and RPI Combination Plan 6, which…
Double-short ETFs launched to hedge market falls
EasyETF, the exchange-traded fund (ETF) provider, has listed five new funds on NYSE Euronext Paris. Three of the funds offer double leverage on the downside of European equity indexes, as a means of providing a hedge against further market falls.
Morgan Stanley unveils cash collateralised and gilt-backed product
Morgan Stanley has launched a three-year structured product for retail clients which is both cash collateralised and backed by triple A-rated UK gilts to mitigate counterparty risk. The issuer has developed the plan in response to feedback from UK…
Deutsche rolls out Asia-Pacific structured fund
Deutsche Bank has launched the DB Platinum Croci Asia-Pacific Fund, a Ucits III-compliant structured fund which is designed to provide exposure to the Croci Asia-Pacific index.