New investment boutique Blue Sky Asset Management (BSAM) will launch its first structured products next month, targeting the growing demand for the tailored offerings.
Led by chief executive Chris Taylor and product development and operations director Mark Dickson, BSAM believes UK structured products sales will hit record volumes in 2008.
It estimates sales will exceed £7bn in 2007, rising to between £8-10bn next year.
Taylor says structured investments are beginning to be seen as mainstream wealth management tools.
“The enthusiasm in the intermediary channel has been mirrored by the discretionary and multi-managers, who have embraced the value that intelligent structuring can bring to portfolio management,” he says.
The BSAM range will include familiar offerings such as capital protection, as well as “cutting edge-type products”.
“The growing demand for structured products is being further prompted by increasing uncertainty and volatility in financial markets, which look set to be factors for the foreseeable future,” Taylor says.
“We believe a gap exists for a research-driven firm to operate as a specialist in the market, despite the fact that investment research ought to be a core competency for all firms.”
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