As both markets develop, we spoke to two senior executives to explore how autocallable ETFs and secondary-market notes compare, and which format offers investors the more attractive route to autocallable exposure.
As autocallable ETFs gain traction in the US, investors have more ways to access structured payoffs. But while ETFs offer intraday liquidity, diversification and accessibility, individual notes can provide defined maturities, bespoke exposure and potential pull-to-par. SRP explores what investors gain and give up through each format. The most compelling opportunities we see are generally in single-stock-linked autocallables and worst-of basket structures - Roberto Romano, TP Icap The ra