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Catley Lakeman reports 65% rise in structured product demand
by David Campbell on Aug 23, 2013 at 00:01
Structured product broker consultant Catley Lakeman saw a 65% increase in the value of products it has advised on in the year to August driven by demand for long-volatility and spread strategies.
The company added that it had secured a major discretionary manager to support the launch of its first structured product fund, revealed by Citywire Wealth Manager earlier this month.
Company co-founder Russell Catley said the 12 months saw an expansion of the types of the strategies commonly used by discretionary managers, in addition to traditional spread products.
‘What has changed this year is that many have seen the attraction of long volatility product, such as leveraged accelerators and “in the money” call spreads such as booster notes,’ said Catley.
‘For example, our US Supertracker series with HSBC has consistently and significantly outperformed every US fund in the IMA sector over the last couple of years of rising markets.’
Of a total £3 billion in product issuance advised on during the company’s five full years of business, almost a third, or £955 million, was written in the 12 months to August 2013.
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