Derivative warrants’ new listed number rebounds as AIA Group stock and Nikkei 225 join the league table for the most used underlyings.
The Hong Kong-listed structured product market finished March tepid as the domestic stock market attempts to shrug off its dismal performance earlier this year. SRP data shows that derivative warrants (DWs) have seen a slight recovery in the number of issuances, which increased from 354 in February to 494 in March. Yet, the new-listed callable bull/bear contracts (CBBCs) dropped to 1,584 by the end of March, versus 1,659 in February. The latest dynamics came after both leveraged structured pro