Trying to work out what is a simple investment is a painful experience. An equity is simple, apparently, although hold onto those words; bonds are fairly straightforward, possibly, once you embark on a voyage of discovering what on earth credit risk is. Structured products live in a world resigned to complexity, so they say. They are regulators from near and far who shy away from anything that has an embedded derivative, which hauls in structured products. So, what is simple? For most regulato

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