Indexes
US Wrap: Closing the week in emerging markets and S&P 500
Three structures were on offer last Friday, reverse convertible, kick out and accelerated growth products, with the increasingly common emerging markets accompanying the usual flurry of S&P 500-linked notes.
SG launches tradeable dividend exposure in UK
Société Générale (SG) has launched four new certificates on the London Stock Exchange (LSE) giving exposure to the dividends of companies included in the FTSE 100 and Dow Jones Eurostoxx 50 indexes.
Morgan Stanley feeds hunger for Gilt-backed products
Morgan Stanley has launched a new UK government bond backed plan and re-issued three other plans, one of which is the third in a series of Gilt-backed issues, designed to mitigate counterparty risk.
Meteor launches Prima Growth Plan 16
Meteor, the UK distributor, has launched the sixteenth version of its Prima Growth Plan which has been issued by AAA-rated Rabobank. The kick-out style product has the potential to pay a 10% coupon after one year, paying the return on its first…
US Wrap: Strong issuance run stalled by Doughnut Friday
Issuance in the US structured products market ground to a halt on Friday - the second blank day in a fortnight. The number of deals has been increasing lately on the back of increased confidence, although providers have still been looking to external…
Walker Crips launches first growth product
Walker Crips Structured Investments (WCSI) has launched its first growth product on the retail market. The Annual Growth Plan, a non-capital protected plan, provides exposure to the FTSE-100 index. The three-year kick-out plan offers a return of 10% a…
US Wrap: Out comes Barclays again, with plethora of reverse convertibles
Barclays Bank's set of product offerings bloomed as the issuance week in the US as the week drew to a close. The UK bank produced a sequence of reverse convertibles that concentrated mainly on energy stocks, although with many other sectors represented:…
US Wrap: RBC moots real estate rebound
Royal Bank of Canada has launched an accelerated growth note linking to the iShares Dow Jones US Real Estate Index. The bullish trade offers 300% participation in the index over only six months, up to a cap of 39%. It does not incorporate any downside…
Forging an index
Efforts by miner BHP Billiton to create an iron ore index that would represent the underlying benchmark for a series of derivatives instruments appear to be floundering as Chinese steel producers press hard for pricing advantage. Kathleen Kearney reports
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Commodity Indexes
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SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Deutsche Bank launches dbARB
Deutsche Bank has followed in the footsteps of Merrill Lynch and Goldman Sachs with the launch of its own hedge fund replicating index, the db Absolute Return Beta index (dbARB).
