Morgan Stanley

Sanlam's top-performing financials manager Kokkie Kooyman has warned investors they should be wary of owning companies which are highly correlated to equity markets ahead of an expected correction.

Investec Bank and Morgan Stanley have both modified the terms and conditions of their structured products after the Financial Services Authority (FSA) found terms in both were potentially ‘unfair' to clients.

Christian Gardner, investment analyst at StructuredProductReview.com, compares four kick-out plans from different providers.

Traditionally only available to institutional investors and high-net-worth individuals, Jock Green-Armytage, investment adviser to JZ Capital Partners Limited, explains how smaller retail investors can gain exposure.

Morgan Stanley has soft-closed its Global Brands fund to retail investors in a bid to preserve the performance of the top-performing portfolio.

STRUCTURED PRODUCTS

Despite negative press, structured products still form part of many wealth manager portfolios. Joanna Faith looks into their appeal.

Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.

ON EUROPE

LIBOR rate-rigging penalties and damages to investors could reach $22bn for the 12 global banks involved, according to Morgan Stanley estimates.