Despite last year’s controversy in South Korea around equity-linked securities (ELS) and derivative-linked securities (DLS), sales reached a new record high in 2019 fuelled by the low interest rates environment and the steady rise in global stock markets.
Five hundred and sixty-two products with estimated sales of CNY68.41 billion ($9.6 billion) had strike dates in March.
Investors in a crude futures structured product sold by Bank of China (BoC) have lost their investments after the collapse of global crude prices, and they are holding the bank responsible for their losses.
With the economic fallout of the Covid-19 pandemic continuing to rile financial markets, investors in leveraged products have suffered the damage first-hand but remain otherwise ‘risk on’ as suggested by recent activity around daily leverage certificates (DLCs) in Singapore.
The new decade began in a way few people expected but will be remembered by all.
The South Korean watchdog has issued a consumer warning regarding leveraged WTI crude oil futures ETNs. The country’s retail investors are expecting a rebound in oil prices and are increasingly opting for leveraged investments linked to the commodity.
Marc Van de Walle (pictured), senior managing director and global head of products at Bank of Singapore – the Singapore-based private banking arm of OCBC Bank - has resigned from his position after more than 11 years of service, SRP understands.
With the economic fallout of the Covid-19 pandemic continuing to rile financial markets, daily leverage certificates (DLCs) are proving to be a useful tool to hedge investment portfolios and capturing short-term market trends.
The South Korean market is relying heavily on major market cap indices to maximise the risk/return trade off investors are seeking. It will be interesting to see how this trend plays out following the severe market corrections of recent weeks.