FTSE Hedge Indices Spark Interest

The FTSE Hedge index and sub-indices may be used as underlyings for structured products issued in Asia.

  • 05 Nov 2004
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The FTSE Hedge index and sub-indices may be used as underlyings for structured products issued in Asia. Carl Beckley, director of research and development at FTSE in London, said there is a lot of interest in products linked to the index in Asia. Beckley noted FTSE already works with pension funds in Hong Kong so the brand name is well-recognized.

Beckley said most of the proposed structures he has seen use derivatives to offer the investor a leverage factor and averaging of returns. The FTSE Hedge indices have no tracking error, because they use the funds' net asset value rather than gross returns, explained Beckley. "This is an advantage for product structurers," he added. In the U.K., Barclays Capital and the boutique Pinder, Fry and Benjamin (DW, 11/1), have already used the index in structured products.

  • 05 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 396,777.09 1492 9.04%
2 JPMorgan 362,850.76 1643 8.27%
3 Bank of America Merrill Lynch 347,296.27 1234 7.92%
4 Goldman Sachs 258,020.28 869 5.88%
5 Barclays 254,568.76 1002 5.80%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 36,809.20 177 6.30%
2 Deutsche Bank 36,549.85 129 6.26%
3 BNP Paribas 30,786.06 186 5.27%
4 Bank of America Merrill Lynch 30,712.91 97 5.26%
5 Barclays 30,558.69 87 5.23%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,398.51 94 8.79%
2 Morgan Stanley 17,574.08 91 7.22%
3 Citi 16,974.50 104 6.97%
4 UBS 16,643.68 66 6.84%
5 Goldman Sachs 16,179.39 87 6.65%