Market snapshot
Tim Mortimer of Future Value Consultants review structured products issuance in the US and UK in November. Leveraged returns remains the darling of the US, which the UK is still firmly wedded to the FTSE 100
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In the US, the most popular products by notional in November 2011 (and for the past six months) were leveraged returns. The next most frequently issued products in November were digitals, which offer a fixed return if the final level of the underlying is at or above a specified level. Reverse convertibles were third with $156 million of notional sold and a 14% share of the market, but they ranked highest in terms of the number of products issued. These three
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