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.
Product retrospective: Coupons for inflation
Coupons for inflation
Morgan Stanley offers accelerated returns
Delivering on declines
Linking autocall phoenix structures to FX and emerging markets
From Phoenix to forex
Marrying economic imperatives with sustainable values
Lost in translation
Structured credit landscape revives the basics
Credit goes back to basics
Risk managers seek understanding of structured products investor trends
On the trail of commodities
Chilean clientele demand Celfin's structured products
Celfin’s home comforts
Asian ETF market lurches forward
A great leap forward
People: Citi shakes up structuring group
Citi shakes up structuring group
Editorial: Protecting privacy
Regulators have not produced a new code for private banking and wealth management. They have simply allowed new rules for retail products to creep into the wealth space
Lookback
Lookback
Structured Products: Asia Report
Structured Products: Asia Report
Trade of the month: Bear market products
Trade of the month: Bear market products
Société Générale offers alternative to spread betting to UK and German markets
Société Générale's product is likely to be used by those who have lost out on spread betting or equity investors wanting to boost returns.
US structured products show preference for baskets of underlyings
Recent US structured products issuances have contained several products with multiple underlyings and the latest follows suit with basket products from HSBC, Barclays and Morgan Stanley.
Product retrospective: Perfect for pensioners
Perfect for pensioners
BMO gains stronghold in the US issuance with raft of reverse convertibles
Reverse convertibles are the product of choice in the latest issuance, Bank of Montreal has the lion's share.
HSBC lists physical Russia ETF as noise around swap-based ETFs grows louder
HSBC's head of ETFs says the bank has no plans to create swap-based products and there should be steps to make structures clearer to investors.
ETF providers hit back at 'hearsay' in the press and regulator concerns about synthetic ETFs
ETF providers have been angered by the continuing focus on synthetic ETFs by regulators such as the Bank of England and the IMF. But they are particularly concerned about the bad press coverage.
Merchant Capital rapidly expands its distribution arm with the addition of seven staff
Merchant Capital expands its distribution arm with the addition of seven staff
Tenors get extended as structurers face poor market conditions
Maturities for US structured products get stretched and Barclays issues a reverse convertible with a high risk rating
'Investor uncertainty' dampening new ETF investment in Europe
Events in peripheral Europe and slow growth in other developed markets have left many investors sitting on cash or maintaining current ETF positions