Perpetual in motion
Structured product issuance in Australia came to a halt in the second half of 2008 as many trades were withdrawn due to lack of demand. Distributor Perpetual says issuance will remain low this year, but expects sufficient appetite for the June launch of its latest protected investment trade. Matt Cameron reports
"The rapid growth of the retail structured products market in Australia came to a halt last year," says Russel Chesler, Sydney-based general manager for structured products at Australian fund manager Perpetual. "Last June, we saw fewer products come to market while several products were withdrawn due to a lack of support," says Chesler.
The retail structured products market in Australia reached a high of A$2.8 billion (US$1.8 billion) in June 2007, only to slump a year later to just A$800 million
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