German recovery faces constraints

Germany’s structured products market is recovering from the financial crisis, but innovation is the last thing on anyone’s mind. John Ferry reports on a market that continues to live on a diet of discount certificates, a few innovations and some volatility control

juliane-burger
Juliane Bürger, Unicredit

Compared with its big international peers, the German economy is having a good run. Unemployment has fallen for 12 months in a row and economists have been busy marking up GDP growth forecasts for this year – the latest consensus is that the economy will grow 2.5%, the highest level in the eurozone. So has this fed into a resurgence of interest in investment, and more specifically structured products?

Before the collapse of Lehman Brothers, the German certificates market – listed structured

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here