More coverage of the panel discussions has become available while updates on regulations and product launches continue.
Discussions on the launch of DLCs have restarted in Hong Kong SAR as the first single stock leveraged and inverse ETFs went listed on the exchange today.
The Hong Kong Exchanges and Clearing (HKEX) is continuing to explore the listing of daily leverage certificates (DLCs) with talks on-going with the Securities and Futures Commission (SFC), according to people familiar with the matter.
Meanwhile, Hong Kong authorities have relaxed rules to allow high-net-worth individuals to access indexed universal life (IUL) that has been gaining in popularity in the US as well as Singapore.
Rohit Jaisingh, head of capital markets products at DBS Bank, has exited after over a decade
In a joint circular issued by the Hong Kong Insurance Authority (HKIA) and the Hong Kong Monetary Authority (HKMA), the local regulators provided clarification about the application of the insurance regulatory framework to IUL business.
In Singaporean, Rohit Jaisingh, head of capital markets products at DBS Bank, has exited after over a decade. The veteran with 30-year industry experience has retired and moved back to Bangalore, India, to run the endowment fund or development foundation at the Indian Institute of Management Bangalore.
In the US, a federal court has dismissed two lawsuits against Barclays for its unlawful issuances at US$17.7 billion in a final ruling.
The British bank dodged two class action lawsuits over alleged securities fraud relating to its over-issuance blunder after Barclays argued in August 2024 that the complaint fails to ‘allege an actionable mis-statement or omission, scienter, or loss causation’.
Lincoln Financial has launched Lincoln WealthBuilder IUL, the first of the three products in a planned suite of IUL featuring two volatility control indices (VCI) in a first for the market. The reference assets are the S&P 500 Dynamic Intraday TCA 15% Index and S&P 500 Daily Risk Control 10% Index.
IUL sales have set another quarterly and annual record with new premiums increasing 10% to US$1.15 billion in Q4 2024. New and enhanced product designs as well as expanded distribution propelled the sales volume this quarter with half of IUL carriers reporting gains. Policy count grew six percent in the fourth quarter, according to Limra.
In the US Market Review, January 2025, SRP data shows that the year kicked off strong with sales of US$11.6 billion from 3,580 structured notes registered with the US Securities and Exchange Commission (SEC), a 4.4% increase year-on-year and a 2.0% decrease from a month ago.
Turning to Europe, yield enhancement products in Switzerland remained the go-to product type for the Swiss investors in February with its market share rising to 91%.
An estimated CHF8.4 billion (US$9.3 billion) was collected from 25,814 products that struck in Switzerland during February 2024, according to Switzerland Market Review, February 2025.
In Hungary, nine issuers were active in 2024 in a market that is edging towards capital-at-risk products. An estimated HUF25.9 billion (US$71m) was collected from 41 publicly offered structured products in the country during 2024, according to SRP data.
As a follow-up of our past SRP Europe Conference 2025 that was held in London from 17 to 19 March, we covered three panel discussions focusing on the expanded market in Poland, the use of artificial intelligence in the industry and the role of structured products in portfolio management.
The growth prospect for the industry remains positive as market uncertainty highlights the added value of structured products, a poll at the conference shows. In addition, around 71% of respondents saw technology as the number one driver of growth for the structured products space.
Lastly, don’t forget to check out our latest weekly product wrap, highlighting the Panorama Taux Mars 2025 distributed by Silex Finance in France and Adequity’s Phoenix Taux Annuel Mars 2025 – In Fine (VP) on the paper of SG Issuer.
Image: Adobe Stock.
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