The FSA appears to be approaching complex investment products more cautiously than it has in the pas...
The FSA appears to be approaching complex investment products more cautiously than it has in the past - a refreshing change from the regulator, which once called zeros a low-risk investment. With the move to lump split caps, structured products and Ucits III funds that use derivatives into a separate section of products, to be called sophisticated, the FSA looks to be heading off any potential problems that may spring from increasingly complex products. Having been stung by split caps and precipice bond scandals, perhaps a little caution on Ucits III funds that use the full range of power...
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