European insurers tap options on Asia indices

By Hazel Sheffield
23 Jun 2014

Large insurance companies are buying index options or variance swaps with two-year maturities on the Nikkei 225 and TOPiX against the S&P 500 or Eurostoxx 50 as a relative value trade.

Timothee Bousser, head of equities in Asia Pacific at Société Générale in Hong Kong, said that he had seen some European insurance companies that had previously invested in futures switching into options on the underlying. 

“Companies are looking for a bit more leverage. These types ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial