The key properties of most structured products are generally acknowledged as capital protection and yield enhancement.

On a simple level, investors can understand that capital protection provides the safety of cash with the possibility for higher returns, and that yield enhancement can be achieved when the underlying asset performs to certain modest targets – sometimes even allowing for slightly declining markets. Structured products have these core and self-evidently very important benefits, which makes them unique amongst virtually all investment types available to the retail market. Many investors choo

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