UBS: ELI remain preferred vehicle for foreign providers active in HK

Equity-linked investments (ELI), also known as non-principal-protected autocallable reverse convertible notes, offered to retail investors in Hong Kong have grown rapidly over the past two decades. When market volatility is triggered and elevated in an event, generally speaking, a lot of investors use ELI to monetise over market volatility and extract yield Regulated by the Securities and Futures Commission (SFC), the unique structured product type is mainly issued by foreign investment bank