On the face of it, £7bn of retail structured product sales in 2007 bodes well for the structured products industry. However, the facts behind the headlines are interesting:
Firstly, whilst £7bn represents strong growth and record annual retail sales, the UK is clearly behind the curve in embracing and making best use of structured investments. The following data highlights this, and shows the growth in overseas markets over 2006 and 2007: Europe: 2007 SP sales €263bn (from €190bn in 2006) North America: 2007 SP sales $94bn (from $61bn in 2006) Asia: 2007 SP sales $116bn (from $78bn in 2006) Secondly, even in the UK, the retail sales numbers show retail advisers are way behind the use of structured investments within the most demanding, discerning and ...
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