FVC analysis
Market snapshot
Market snapshot
Product performance
The products reviewed this month include full principal protection and an accelerated growth product that has no downside risk, alongside a three and a six-month reverse convertible
Market snapshot
The sale of structured products in the US has increased by around 36% in June and July. In the UK, the market in the same two months was characterised by the continuing dominance of capital-at-risk products.
FVC Custom Indexes
US and UK benchmark indexes declined sharply in June but recovered their losses in July, while the FVC’s global protected index recorded a rise in June
Citi Eurostoxx 50 product courts currency risk
Currency risk included
Kempen's property sector play
Access to property
Barclays offers choice of barriers
Barrier picking
Trade of the month: Non-domestic underlyings
When investors are seeking diversification that includes foreign currencies, there is a choice of methods for approaching currency risk
Market snapshot
A dramatic increase in the notional issuance of accelerated growth products in the US has catapulted Bank of America to the top of the issuance charts
FVC custom indexes
The three FVC indexes fell between April and May 2010, mirroring the falls in the market’s benchmark indexes
Product performance
The three products reviewed this month all have a strike date of 11 December 2009. The products are valued weekly and the results are shown along with the performance of the underlying asset. All three products are fairly typical of products that are…
Locking in principal protection
Merchant Capital is offering UK investors an at-risk growth product linked that locks in capital protection should the daily closing be at or above 110% of the initial level. Morgan Stanley is the issuer.
Market snapshot
Tim Mortimer of Future Value Consultants reviews the product preferences in the US and UK structured products markets
Product performance
Based on the FTSE 100, this month FVC compares the virtues of three products structures common to the UK market that link to the FTSE 100
FVC Custom Indexes
In Europe, the income index is the best performer over the past six years when compared with the accelerated and protected variants. Not so in Japan, where the accelerated index tops the trio of indexes as best performing. In both regions, the protected…
Product performance
Comparing the performance of principal-protected, accelerated growth and reverse convertible products, and analysing the pricing of the Dunbar Bank Zurich Triple Account
FVC Custom Indexes
The US accelerated strategy has consistently outperformed the S&P 500 index in the past six months, while the protected strategy has delivered only modest gains
Product review: A Goldman Sachs long player
Goldman Sachs is offering US investors a long play on the S&P 500 as well as some regular coupon income. The annual coupon and long product term provide a considerable buffer before capital is lost. Returns are uncapped, but the eight-year and seven…
Product review: Nordea taps Chinese growth
Nordea Bank in Finland is offering a structured product with exposure to a relatively unusual underlying. The capital-protected, potential growth product is linked to a basket of 10 Chinese companies
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month