Most retail structured products are equity linked and, within the asset class, they typically have exposure to benchmark, thematic or proprietary indices or a basket of stocks.

As an alternative, some products in the market are tied instead to the performance of on an actively managed fund. This can provide different opportunities, including other asset classes such as bonds, commodities or FX plays, as well as accessing the active fund management industry. Actively managed funds remain important and produce some strong success stories In the funds world, there has been an ongoing debate for decades over the merits of active versus passive management. Supporters of

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