Linking autocall phoenix structures to FX and emerging markets
As interest rates and funding levels start to pick up and volatility calms down, HSBC Private Bank is confident that the return to normality will see a resurgence of structured products in the investment world. Magda Ali reports
Structured products linked to equities have been fashioned to the prevailing market conditions and investor requirements. At the start of 2009, for instance, HSBC Private Bank saw very little interest in structured products beyond simple growth-type, equity-linked capital-protected structures.
But investor demand has changed since then, says David Rumsey, head of structured products at HSBC Private Bank in London. “Appetite for growth-type products has waned. Many investors see limited upside to
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