Four panellists at wealth management from major Chinese banks discuss the application of quantitative investments strategy (QIS) indices for structured notes in China since their debut last year, the challenges they have met and their outlook.
The deployment of QIS indices has a short history in China. Song Fei, head of global markets at Citic Wealth, a subsidiary of China Citic Bank, said his team and Citic Securities collaborated on the launch of the first ever QIS index, Global Multi-asset Momentum Trend (MAXT) last May , in China. “The notional value of structured notes tied to MAXT was fairly large,” he said. QIS products with a common tenor of two years are generally complex for retail investors - Xiaotian Zh