Barclays Capital is targeting more marketing manpower toward selling multi-asset class, best-of baskets into Western Europe, on the back of an upsurge in investor demand for the play.
Omar Selim, managing director and head of EEMEA sales, trading and origination, said institutional and retail clients in countries including Germany, Austria and Switzerland are jumping on the strategy to gain access to asset classes which are not their main focus. "There is a whole new universe of investors opening up to this," he said.
The structures commonly offer exposure to five asset classes, including high yield, equities and commodities, and can mix in different investment strategies. Investors receive participation in the average performance of the best performing asset class.
