Market volatility continues to be at the top of the agenda of institutional and retail investors alike.
Over the last two decades, dynamic asset allocation-based (smart beta) risk-control strategies have been deployed in the structured products market to stabilise the level of portfolio volatility through market cycles. These strategies allow issuers of structured products to offer building blocks with a specific target volatility in the underlying which makes options cheaper and the ability to deliver higher potential premiums. Everyone has its own recipe for risk control indices, but we want