Yield enhancement dominates but tactical trading with leveraged payouts is on the rise, UBS

There has been a recognition for some time now that you can only do so much at the payout/pricing level to create an innovative product, according to Adrian Steinherr ( pictured ), managing director and head of derivatives distribution, global equities derivatives, at UBS in Zurich. "Eventually, you must look at the underlying and aim to improve performance by targeting a correct mix of assets," said Steinherr. "This could have significantly greater impact on performance than incremental adjust