This latest offering in the SG Excel Notes series promises to call early and pay an immediate 5% return if any one of the four underlying China stocks has risen by the end of the note's first quarter. Investors might not have liked that bet as recently as a month ago but some Hong Kong punters are now sensing the market turning a corner.
Even so, this type of structure is still considerably more conservative than the super-charged notes on offer before the markets turned south. So-called best-of structures give investors multiple chances to...
¬ Haymarket Media Limited. All rights reserved.
