A year and half after entering the Emea market, the offshore arm of China’s Citic Securities has extended its structured product trades to Switzerland, the UK and the United Arab Emirates.
Citic CLSA has tapped Switzerland’s Finanzlab to deploy its structured note into an open-ended fund. It is one of several product developments from the Chinese investment bank, which is expanding its footprint in Europe, Middle East and Africa (Emea). [Deploying structured notes into] an open-ended fund for public subscription is almost non-existent in Asia. This is surprising given the diversification benefits of such product - Canon Luk Traded in June, the Hong Kong-headquarter
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