Product wrap: Morgan Stanley turns to FTSE synthetic dividend index in UK

EUROPE Crelan is debuting the iStoxx Top Citywire Fund Managers Index in Belgium. The bank is using the index, which replicates the performance of a portfolio that invests in mutual funds run by fund managers who have shown better historical risk-adjusted performance compared to their peers, as the underlying for its Top Citywire Fund Managers Booster USD 2029 . The eight-year, US dollar-denominated note is issued via Credit Suisse and offers a return equal to 135% of the average performance of