Struc prod sales soar despite Lehman turmoil

clock

Barclays Wealth's fears over a backlash against structured products in the wake of Lehman Brothers' collapse have proved unfounded, with the company posting record sales in September.

With stock markets in sharp freefall last month, a surge of investment in protected plans saw the group reach sales of £40m, about 25% up on levels earlier in the year. The increase came at a time when investors were faced with the potential loss of all their money in Lehman Brothers-backed vehicles, bought either through the bank’s own subsidiaries or local packagers. Barclays Wealth's own products are backed by Barclays securities. “I had genuine concerns on how the Lehman collapse, along with the negative press from the IMA, would impact on investors,” Barclays Wealth director Colin Di...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Structured Products

Exploring the options for downside protection in a bear market

Exploring the options for downside protection in a bear market

Making the case for diversification through structured products

David Wood
clock 04 January 2023 • 5 min read

Structured product returns fall in 2020 despite continued success

Almost three-quarters generated positive returns

David Brenchley
clock 26 January 2021 • 2 min read

Structured product performance analysis tool launched for advisers

Free for advisers

clock 02 March 2020 • 2 min read