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Don't dismiss structure
Australian investors have been urged not to dismiss more complex or structured investors because of the fallout from the global financial crisis.
JP Morgan executive director of Equity Derivatives and Structured Products David Jones-Prichard said that while investors’ preference for less complicated products was understandable, it carried with it the risk of missing out on significant gains.
“I would urge investors not to treat all less simple investment products in the same manner,” he said. “The fact is that there are a number of more sophisticated investment products in the market that have been developed to meet specific investment needs, and then tried and tested to improve delivery of returns.”
Jones-Prichard cited JP Morgan’s view that the whole point of a structured product was to deliver features that could not be replicated in terms of flexibility, access and commensurate protection and returns.
AUTHOR
Mike Taylor
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