Glossary - W
This section provides an explanation for some of the jargon used to describe structured retail products. If you would like us to add additional words then please let us know by clicking here.
Wealth Management Scheme
This is the name used in China for a purchase agreement (contract) specifying the investment details (strategy, expected return, term) of a specific type of retail investment product typically sold via local banks. Where the investment is offshore this would encompass QDII products.
A worst-of option is an option that is exercisable against the worst performing of a given number of underlying shares or indices. For example a call option on the worst of the FTSE100 and S&P500 would pay out on the index that rose the least during the term of the option. See also Best-of option.