Analysis: rotator strategies

Mainstream benchmark indices tend to be made up of underlyings within a single asset class such as equities, bonds, FX or commodities. Within equities they can focus on regions, countries or individual sectors. Since most structured products are linked to indices for ease of calculation and to be easily recognised, it follows that they will also usually be tied to one asset class. However, most active fund managers with wide mandate would want to allocate dynamically across different asset clas