Trackers v structures: Why it's worth another look

Sophie Barnett, the vice president of Morgan Stanley, has previously made a compelling and, in our view, quite correct, statement that structured products (SPs) and tracker funds are fundamentally different investments and therefore extremely difficult to compare. Both can be valuable elements of a diversified portfolio and we do not mean to prove that one investment is ‘better' than another, but this does not mean their respective performances should not be analysed. This is not the first time we have examined the returns of structured products and tracker funds.Following the IMA's s...