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Structured Products Related News
 in chronological order

 See also: Structured Products Related Books, Structured Products Related Scholarly Papers, or Structured Products Home Page.

Table of Contents:
 

Zurich launches green structured product tranche
September 23, 2006
From IFAOnline.co.uk:
 Zurich has opened the latest tranche of its Green Guaranteed Account.

The Zurich Green Guaranteed Account 2 (GGA2) is linked to the green business sector.

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Structured products get more scrutiny
September 22, 2006
From InvestmentNews:
 Big changes are coming to the structured-products industry on the heels of Lehman's collapse.

Indeed, Lehman Brothers Holdings Inc.'s filing for bankruptcy protection last week underscores the need for greater transparency in structured products — particularly exchange traded notes.

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Morgan Stanley product to tap commercial property revival
May 7, 2006
From Citywire:
 Morgan Stanley will this week launch a new addition to its structured product growth range, offering a play on an expected commercial property recovery up to 2013.

The UK Commercial Property Growth Plan 1 will track the Investment Property Database annual capital growth index up to December 2013.

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Structuring products in a volatile market
May 6, 2006
From FinanceAsia.com:
 Vinod Aachi, head of equity structuring, private banking and retail coverage Asia ex-Japan at Deutsche Bank, provides a perspective on what the credit crisis and the return of volatility have meant for the structured products market in Asia and how issuers of such products can remain relevant in the current market environment.

How has the spike in market volatility impacted the structured products market in Asia?
It’s no surprise that the risk appetite of Asian investors has been severely tested over the past few months. Certain long-only equity and FX carry strategies, which performed well in previous years, appear to have suffered so far in 2008. This has prompted investors to take a more diversified approach to their investments, with structured products being used to restructure existing positions.

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Keydata launches structured products to beat credit crunch
April 25, 2006
From Investment Week:
 Keydata has launched four structured products targeted at beating the credit crunch.

Two Dynamic Growth Plan Plus products offer either two times any FTSE 100 rise over five years, for Issue 7, or ten times the rise over six years in the case of Issue 8.

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BSAM launches structured investment product
April 24, 2006
From FT Adviser:
 Investment boutique Blue Sky Asset Management (BSAM) is launching a structured product, offering investors 12.5 times the growth in the top five UK banks.

The Accelerated Recovery Plan (ARP) is based on a portfolio of the UK’s five leading banking groups - HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB and Hbos.

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Embracing strategies based on derivatives
April 21, 2006
From InvestmentNews:
 A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.

The structured-products industry, which experienced a 78% increase in sales last year to a record $114 billion, is uniquely poised for a growth surge, according to industry observer.

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Volatile equity markets make structured products attractive
April 20, 2006
From The Hindu Business Line:
 As equity markets become increasingly volatile, there is more demand for structured investment products from high networth investors (HNI), as these offer relatively more stable returns.

Structured products are good for customers unwilling to take high risks. The minimum amount for investing in such structured products is about Rs 10 lakh and the maturity period is usually three to five years.

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Credit Suisse Chooses The RTS Index As The Basis For Its New Series Of Financial Products
April 14, 2006
From MondoVisione.com:
 Standard & Poor’s, the world's leading index provider, announced today the signing of a commercial agreement with Credit Suisse granting the latter with the right to use the main indicator of the Russian stock market - the RTS Index – for creating and launching a series of structured products linked to Russian equities.

"Apart from being Russia’s flagship benchmark, the RTS Index is also a full-fledged investment tool as evidenced in its growing use as an underlying for structured products and in the availability of a well-developed derivatives market based on it. As of late, the international market players have been showing a growing appetite for investing into Russian stocks. A modern global approach includes both direct investing into selected stocks and creation of structured products which combine reliability with high yield potential. Availability of such products makes the Russian stock market even more appealing in the investors’ eye and helps its further growth. The fact that the RTS Index is chosen by major global financial institutions underscores its highly representative nature as the main indicator of the Russian market", said Roman Goryunov, Chairman of the Board of RTS.

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Lehman Brothers offers Bric structured product
April 14, 2006
From Investment Week:
 Lehman Brothers has launched an emerging markets structured product, giving exposure to the growth potential of the Bric economies.

The Enhanced Emerging Markets Plan has two options for capital protection. Investors can choose to receive 110% of the rise in the S&P BRIC 40 index after three and a half years, up to a maximum of 32%. Or they can receive 130% of the growth of the index after five years, up to a maximum of 60%. Both plans give full capital protection if held to maturity.

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Investec to launch range of structured products
April 1, 2006
From Investment Week:
 Investec has recruited Gary Dale to head up its structured products sales team ahead of the launch of a range of plans.

He joins the capital markets division of the bank to distribute growth and income products to the intermediary market.

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Lehman replaces structured product research head
March 28, 2006
From FinancialNews-US.com:
 The head of European structured finance research at Lehman Brothers has left the bank after six years and been replaced by an internal manager.

A Lehman Brothers spokesman confirmed that Krishna Prasad has left the bank and has been replaced by David Covey, who was the highest ranking member on the team after Prasad.

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S&P, Moody's Face Stricter Code on Structured Ratings (Update1)

March 26, 2006
From Bloomberg:
 Moody's Investors Service and Standard & Poor's may be prevented from helping banks create structured debt securities under proposals from regulators.

Ratings firms face a new code of conduct prohibiting them making recommendations on the way products they grade are structured, the International Organization of Securities Commissions in Madrid said today. IOSCO, the main forum for more than 100 securities regulators, said there should also be independent reviews of the way firms assign ratings.

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Structured products lose their appeal
March 25, 2006
From FinancialNews-US.com:
 A senior asset management executive recently received an e-mail pitch from a private bank for a structured product. It came from what he described as a “big and serious institution” so he decided to take a look.

What he discovered appalled and alarmed him in equal measure. “It was clear that this product was all about the firm’s investment bank shoveling c*** down its private banking distribution channel. And the disclosure was appalling,” he said.

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Chasing the structured gravy train
March 17, 2006
From Financial Times:
 Structured products have proved a runaway success in Europe of late, prompting squeals of pain from the traditional mutual fund industry.

From a tiny base in 2000, by last year the European retail structured products sector boasted €600bn (£459bn, $935bn) of assets under management, according to the European Derivatives Association, with €200bn held in Switzerland and €142bn in Germany.

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CORRECTING and REPLACING AAM Announces New Structured Products Linked to the BNP Paribas Spectrum Long/Short Index
March 14, 2006
From Yahoo! Finance:
 Advisors Asset Management (AAM), a leading investment solutions partner for financial professionals, and BNP Paribas have entered into an agreement whereby AAM will distribute structured products linked to the BNP Paribas Spectrum Long/Short Index.

The BNP Paribas Spectrum Long/Short Index (Bloomberg: SPBNP8ER <Index>) is a proprietary index published by Standard & Poor’s. The index employs a market-neutral strategy designed to enhance portfolio diversification and performance. Inspired by the observation that investment trends in the market tend to persist, the Spectrum Long/Short Index aims to capitalize on both positive trending indices and negative trending indices. By incorporating short investing in the index, the Spectrum Long/Short Index hopes to generate absolute returns from the appreciation of the strategy.

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Understanding credit derivatives
March 10, 2006
From The Hindu Business Line:
 This article seeks to simply explain, in a non-specialist language, what credit derivatives mean. Credit derivatives emerged during 1994-5 and over a short span of time have grown into a business recently estimated to be about $45 trillion. During the sub-prime crisis, lots of people have lost money on credit derivatives deals. The massive growth in credit derivatives, as also news of banks and insurance companies writing-off millions on credit derivatives exposures, invokes lot of interest in what credit derivatives are all about.

Credit derivatives are a part of the over-the-counter or OTC business — they are not like exchange-traded derivatives in equities and bonds. The OTC derivatives business consists of interest rate swaps, exchange rate swaps, equity-linked swaps, property derivatives and other complex products.

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Perpetual boosts platform and structured products business
March 5, 2006
From Structured Products:
 Perpetual has promoted Matt Pacino as deputy chief operating officer and Matthew McKinnon to the new role of general manager, platform and structured products sales to enhance its structured products offerings in Australia.

Prior to joining Perpetual in 2006, Pancino held was chief information officer, Business and Government for Telstra, Australia’s national telecom company. Before that, he was chief information officer for PBL and worked for Ticketek and IBM Global Services. McKinnon’s new role is designed to drive sales and service of Perpetual’s WealthFocus platform, Perpetual’s Self Managed Super Fund Service and the Perpetual Protected Investments products. McKinnon has held senior sales roles at Perpetual and IOOF and most recently has been responsible for managing Perpetual’s boutique adviser accounts.

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Lehman Bros latest group to expand structured product range
March 4, 2006
From Investment Week:
 Lehman Brothers has launched two structured products, one a rollover vehicle and one a completely new offering.

The Enhanced Returns Plan Issue 3 offers full capital protection if held to maturity, and two options for returns. It has the potential to a give 50% return after five years, or 22% after three years. The Plan is linked to the FTSE 100.

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New challenges in structured products
March 4, 2006
From Euromoney:
 Structured products debate: Financial market turmoil presents a range of new challenges for providers and distributors of structured notes. Representatives of leading structured products houses discuss those challenges, and the opportunities.

JF, Euromoney: This is a particularly challenging and interesting time for providers of structured notes. But before covering the most recent market upheavals, let’s talk in general about how the mar