UK Wrap: Growth and income products proliferate despite rising volatility

Growth and income plans were by far the most popular style of product over the past three weeks, thereby disproving the previous UK wrap prediction that autocall products would increase in popularity

Further market unrest, exemplified most recently by the 'flash crash' on Wall Street in early May and the sell-off that went with it, continues to militate against the long-awaited surge in autocallable products in the UK. Recent weeks have seen Investec, Royal Bank of Scotland (RBS), Barclays and Morgan Stanley all issuing FTSE-based kick-out products.

“The time it took to put these products together and get them to market may have been three weeks prior to the volatility spike,” says Marc