Structured Products
154 white papers and resources
Below are a collection of structured products white papers which will show current thinking and modelling. Structured Products are designed to meet the financing requirements of companies beyond the remit of more conventional financial products. Generally offered by the large financial institutions, they are highly complex in nature and will be customised to meet specific risk-return objectives. Common structured products include collateralised bond obligations (CBOs), collateralised debt obligations (CDOs) and syndicated loans.
The Risks of Volatility ETNs
Exchange traded notes and exchange traded funds come under the spotlight in this white paper. Using the recent crisis with TVIX, a volatility ETN, it reviews an observed market distortion. It discusses the key features of these products, and ultimately, the potential hidden risks.
The certainty of uncertainty: When not to jump
Vanguard’s chief investment officer, Jeff Molitor, reflects on what was forecast for 2011 and how these predictions compared to actual global political and financial events, and suggests how investors can learn from the past year.
The EDHEC European ETF Survey 2011
The EDHEC European Exchange Traded Fund Survey 2011 presents the results of a comprehensive survey of 174 institutional investment managers and private wealth managers. In addition to analysing ETF investment, the survey sheds light on the role of ETFs in asset allocation and compares ETFs and…
Shedding Light on Non-Financial Risks – a European Survey
This survey analyses the views of European fund industry professionals on non-financial risk and performance in a changing regulatory framework. It analyses the risks those in the industry face as a result of regulation and of their practices, assesses their importance and impact in terms of…
Counterparty risk: are we leveraging our tools?
While current technologies and techniques allow for more sophisticated and effective approaches to counterparty risk management than those that fell short in 2008, there are still barriers to successful adoption that will require organisational changes. Read this white paper to learn more.
What are the Risks of European ETFs?
In the light of issues raised by financial regulators and international organisations, new research at EDHEC-Risk Institute has addressed the question of the risks of Exchange-Traded Funds (ETFs) in Europe.
RBS launches ground-breaking ETF
The Royal Bank of Scotland has introduced the world’s first exchange-traded fund linked solely to commodity trading adviser (CTA) managers. It provides cost-efficient access to a diversified pool of CTA managers and investment styles.
Credit products – alternatives for the private investor
After the cut in the prime lending rate to 1.25% by the European Central Bank, and with the inflation rate in Germany at 2.4% in November 2011, real returns are clearly negative. Consequently, investors are searching for products that are less affected by capital market fluctuations, but still…
Hybrids: Diversifying by unifying
Volatility is emerging as the norm for markets as analysts debate the interdependence of emerging markets and developed economies. Investors and risk managers who can gauge correlation between multiple asset classes correctly and unify them through hybrid products will find they are best prepared…
Liquid hedge fund strategy exposure in an index format
Investors increasingly seek liquid and simple access to specific hedge fund strategies. Nicolas Aractingi and Csaba Koppany – Equity and Funds Structured Markets at Barclays Capital – outline how the Barclays Capital Manager Access Indices help cater to this demand.