Despite the dominance of equities and interest rates in the market, FX products have established themselves in many markets as opportunistic investments and for hedging purposes.
Equities and fixed income are the most common asset classes for structured products. This is to be expected since equities, indices, bonds and cash are the most important investment vehicles. However Foreign Exchange (FX) linked products represent an important niche area that attracts a decent volume of issuance. FX structured products are often used for taking speculative positions, or for hedging purposes The logic of the use of FX has some similarities with interest rate linked prod
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