The third largest bank in Singapore has launched a structured fund in Thailand using dispersion warrants on 10 US stocks issued by Société Générale.
In a first for the Thai market, the one-year structured fund was traded yesterday (16 April) with a dispersion option strategy tracking 10 US stocks, according to United Overseas Bank (UOB). The strategy is non-directional and plays on the volatility into the current market [which] is quite pertinent - Gidon Kessel Offering full principal protection, the USD-denominated fund seeks to profit from the average dispersion of those stocks against the average performance of the basket above the pr