Structured products
WHAT IS THIS? Structured products are investments that have multiple components. For retail investors, the most common form is a bond plus an option – these tend to be standardised, sold in small tickets and large volumes. Managing the risks of large structured products portfolios is one of the biggest challenges dealers face.
Institutions overtake retail structured product investors as dominant source of Japan equity option flow
The recent rise in Japan’s equity markets have seen macro hedge funds and asset managers overtake the retail structured product investors as the dominant source of flow on Nikkei and Topix options
Catley Lakeman – ‘keeping the banks honest’
Catley Lakeman acts as a go-between for banks and asset management companies looking to buy their structured products. Vita Millers talks to founding partner Russell Catley
HSBC note offers US investors double-digit returns from global equities
Correlation temptation
IWM urges investors to think about risk-adjusted returns
The Institute for Wealth Management uses structured products to give clients peace of mind while allowing them to pursue healthy returns. Yakob Peterseil speaks with Matt Medeiros, founder and CEO, about his investment philosophy
People: Citi axes role of Asia structured products head
Harold Kim mulling other opportunities at the bank; Cantor Fitzgerald expands fixed income sales team; StanChart hires head of global investor coverage; Grundmann joins JP Morgan; DiBacco gets new role at Getco; RBC Investor Services CEO bids farewell
Scoach: where next after Six ends partnership with Deutsche Börse?
Scoach partnership runs out of road
Thai equity derivatives market to double
Demand from corporate and private bank investors to drive growth in Thai structured product market
No kickout for UBS autocallable note but returns beat direct investment in the underlying
UBS sold an optimised autocallable structured note to US investors in February 2012 that has so far not kicked out but has paid back better than a direct investment in the underlying, the stock of Haliburton
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
Editorial: Asia’s political economy
The shaping force of today's financial markets is politics
Uridashi losses put at $500 million after Nikkei rebounds
When the Nikkei slumped last May, banks were forced to sell volatility to protect positions built up through the sale of uridashi products – leaving many with losses. A rally in the index at the end of the year inflicted further pain. In total, the…
SEC says crucial information being withheld from investors in structured notes
In its latest letter, the SEC orders banks to highlight the difference between fair market value and issue price to help investors see what their investment is worth
Editor's letter: The trouble with credit
Editorial
Trade of the month: Emerging markets underlyings
Trade of the month: Emerging markets underlyings
Market snapshot: Reverse convertibles back on top in the US
Market snapshot
Citi loses Asia structured products head as restructure rolls on
Harold Kim mulling other opportunities at the bank
Dividend-based ETPs stage a comeback
This year has seen a revival of interest in dividend-based exchange-traded products as investors continue their search for yield
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
SEC closes in on sweep guidance for structured notes estimated value disclosure
The SEC will soon send issuers final guidance on structured note valuation disclosure, following a sweep letter sent last April