A respectable legacy: Morgan Stanley bows out of structured product market with head held high

Final product matures

March 2021 was not just the last month that saw Investec as a provider offer structured products to the UK retail market. It was also the month when the last of the structured products issued by Morgan Stanley, as a provider, matured in the market. Let's examine the latter's history and performance.

First appearing in the UK retail structured product market back in 2003, Morgan Stanley ultimately issued 268 products via IFAs, covering structured deposits, capital-at-risk and capital protected products. More than half of Morgan Stanley's plans were capital-at-risk (53.25%) in structure, with capital protected and structured deposits accounting for 41.41% and 5.22% of issuance, respectively. The first Morgan Stanley plans, issued in Q1 2003, were a suite of eight, rather convoluted, FTSE 100-linked sub plans dubbed Morgan Stanley Optimiser range. Three months, later the first P...