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.
Kempen property basket includes new risk measure
Dutch bank Kempen and Co's property product includes a risk indicator so that risk averse investors know exactly what type of risk they are taking on
Credit Suisse re-enters Taiwanese retail market
Credit Suisse re-enters Taiwanese retail market
iShares launches swap-based ETF platform
iShares has launched a swap-based ETF platform with in-built measures to eliminate counterparty risk.
Editorial: Banging on the door of the trustee
Wealthy investors in Hong Kong that lost money on Lehman Brothers Minibonds have resorted to hiring protesters to state their case to the trustee of the bonds
US wrap: HSBC focuses on single emerging market exposure
As issuance volumes increase, HSBC products offer access to Chinese and Brazilian equities.
Credit Suisse's Sandmeier named head of Swiss Structured Products Association
The Swiss Structured Products Association has voted in Daniel Sandmeier as its new president. Sandmeier takes over from inaugural leader Roger Studer
Volatility as an asset class is a growing business and Stoxx is latest to launch index
Stoxx has teamed up with Bank of America Merrill Lynch to create an investable volatility index for the European market as investors look for protection against future market crashes
State Street hires Ebner as global head of ETFs
State Street Global Advisers has hired Scott Ebner to its London office in a new role as head of ETFs
Speed streaming on the Straits Times Index
New streaming technology has been introduced in Singapore to increase the speed and improve the transparency of structured products trades.
iShares launches first currency-hedged ETFs in Europe
iShares has launched five equity ETFs with a currency hedge in response to demand from institutional investors
US wrap: Struggling real estate sector provides unusual choice of underlying
As volumes see a slow recovery after the summer, issuers are diversifying the underlyings and Barclays focuses on real estate.
FSCS denies compensation on capital-at-risk Lehman products
The UK Financial Services Compensation Scheme has concluded that the marketing material for Lehman Brothers's capital-at-risk products was adequate and appropriate
Fears of rising interest rates spurs switch and floored note issuance
As investors seek protection against interest rate rises, Bank of America Merrill Lynch and Morgan Stanley are among the banks responding with rates products offering minimum returns.
HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Tradeweb launches equity derivatives platform
Tradeweb has launched an electronic equity derivatives platform in the US that offers the ability to complete transparent and timely transactions within minutes
US wrap: Investors seek safety in domestic indexes
As the US market continues to face uncertainty, the safety of domestic equities is proving attractive to investors
US wrap: Reverse convertibles back in favour
Demand in the US is swinging back to its regular staple in the form of reverse convertibles
US wrap: Royal Bank of Canada dominates with retail-linked reverse convertibles
Reverse convertibles take the lead in US issuance, with most new deals hailing from Royal Bank of Canada
Deutsches Risk Rankings 2010: Deutsche Bank top again
Confusion, then clarity
JP Morgan taking Autoquote to Japan and Europe
JP Morgan is expanding its automatic email pricing system to new markets and client bases outside of Asia.
Credit Suisse launches ETFs on the London Stock Exchange
Credit Suisse has cross-listed its Ucits III ETFs in London as well as adding ETFs which are new to the European market
Triple hire for Macquarie Private Wealth Asia
Macquarie hires three senior executives to boost its private wealth operation in Asia
US wrap: Structurers deploy longer maturities to tackle low interest rates
Longer tenors are proving attractive to investors hunting for yield as low interest rates prevail in the US
Europe to dominate structured products revenue pool, says JP Morgan
Structured equity derivatives will become even more Europe-dominated although the volume of structured products issued and the number of manufacturers may be limited by the implementation of new regulations, according to a report from JP Morgan