The US bank is seeking to bring a proprietary equity/gold index with volatility target to US investors following offshore trades as gold price reaches an all-time high.
The development of volatility-controlled indices has kept Citi’s structuring desk busy throughout the year as most of structured notes issuers are finding their way into a piece of the pie in the US. Early this year, Citi turned its attention to a multi-asset play when gold “became highly desirable” continuing its 2024 rally and Bitcoin as well as private equity caught the eye, said Shan Zhong (pictured) , vice president at multi-asset group (MAG). The idea was also built on