Structured products offer 'third way' for investors

Emma Davidson said the past few years have been difficult for advisers as they have had to contend with the tough regulatory environment, the Keydata debacle, and the fact many active funds are not performing. She attributed the problem to three main bogeymen - the banks, structured products providers and active investment managers. Davidson said the banks have been inept, but governments felt they needed to keep them going because of the systemic risk of letting them fail. However, she also pointed out some of their successes, such as trading capability and legal and compliance exper...