Merrill launches Singapore-targeted retail derivative
Merrill Lynch sells a credit-linked note to Singapore retail investors.
Merrill Lynch is launching the first principal protected credit-linked note available to retail investors in Singapore. The Jubilee LinkGain Note is a retail-oriented spin on an investment idea that already exists for private banks and high-net-worth clients. It is aimed at investors looking to diversify away from traditional savings products such as fixed deposits or endowment plans.
An investor will do well provided the credit environment remains benign over the next 10 years. Volatility would mean they still get...
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