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...
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