A portfolio of structured products, in one AMC.

Structured products have gained traction among investors for their ability to offer capital protection and uncorrelated returns, which matter most in turbulent markets. For asset managers they open capital protection, lower volatility, tax efficiency, leverage against the underlying, and positive yields in low-yield environments, so risk budgets can be allocated deliberately.

Managing them is the harder part. Holding several structured products for several clients means running each position separately, which raises operational cost and makes the portfolio slow to adjust.

Consolidating multiple structured products into a single actively managed certificate gives investors a diversified portfolio with exposure to several distinct strategies, while one vehicle serving many clients lowers operational expense and simplifies portfolio management.

Active management is the point. The portfolio manager changes the composition as market conditions move or investor needs change, which lets the risk and return profile be adjusted rather than fixed at issue.

• Issuer independence. An issuance framework that is not tied to a single bank's shelf.
• Unlimited products. Each client can issue as many products as they need on their own platform.
• Your custodian and broker. Selected to fit the client's requirements rather than dictated by the issuer.
• Your fees. External asset managers set their own management and performance fees.