Thou Shalt Buy ‘Simple’ Structured Products Only
Journal of Financial Transformation, Vol. 28, pp 12-14
4 Pages Posted: 7 Feb 2010 Last revised: 24 Nov 2013
Date Written: February 7, 2009
In this note give some theoretical evidence that from a buyer’s point of view the only (financially) valuable structured products are path-independent and thus ‘simple.’ While complicated structured products may provide some emotional value or happiness to the investor they do not seem to be the right vehicles for generating financial value.
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