We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Financial alchemy, 2014 style

5 February 2014 By Neil Unmack

Bond markets are turning into equity. Esoteric products like PIKs, AT1 CoCos and corporate hybrids give yield when rates are low. The downside is that such products may perform erratically in a crisis, and investors may not realise they are taking equity-like risk.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)