Bear market drives search for safety

摘要

The growing success of structured products owes much to the increased appetite for products that offer capital protection while also offering substantial potential gains in a transparent way. In the medium or long term, a direct investment in equity markets is generally considered to offer the best return. However, it carries the most risk and many investors are still licking their wounds from the bursting of the equity bubble and the subsequent bear market. As a result, many remain reluctant to go long on equities. Instead, these investors are looking for substitutes to classical assets, which would allow them to generate revenues without increasing the overall risk of their portfolio.