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DelphX Announces Closing of Non-Brokered Unit Private Placement
DelphX Announces Closing of Non-Brokered Unit Private Placement

Globe and Mail

time07-07-2025

  • Business
  • Globe and Mail

DelphX Announces Closing of Non-Brokered Unit Private Placement

Toronto, Ontario--(Newsfile Corp. - July 7, 2025) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (" DelphX"), a leader in the development of new classes of structured products for the fixed income market, announces that it has closed on a non-brokered private placement of 2,540,000 units (the "Units") at a subscription price of C$0.06 per Unit, for gross proceeds of C$152,400 ("the Offering"). Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.08, for a period of two years from the date of issuance. The Offering has been conditionally accepted by the TSX Venture Exchange, and completion of the Offering is subject to the fulfilment of certain customary requirements and final acceptance by the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance. DelphX intends to use the net proceeds from the Offering in connection with general corporate purposes. About DelphX Capital Markets Inc. DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that provide mitigation of spread and capital charge losses when downgrades occur, while allowing for attractive returns. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in: Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds; Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade exposure of an underlying security in exchange for attractive returns. All CPOs and CRNs are fully collateralized and held in custody by US Bank. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Calamos Launches First Autocallable ETF
Calamos Launches First Autocallable ETF

Yahoo

time01-07-2025

  • Business
  • Yahoo

Calamos Launches First Autocallable ETF

The future is autocalling. And alternatives manager Calamos is ready for it, pioneering an autocallable ETF that began trading last week. It's the first ETF of its kind, providing monthly income via a coupon tied to equity markets rather than bonds, according to a release. The Calamos Autocallable Income ETF (CAIE) enters into swap agreements with JPMorgan and tracks the MerQube US Large Cap Vol Advantage Autocallable Index. The fund climbed 1.5% from Wednesday, its first day of trading on the NYSE Arca, through Friday afternoon. 'It replicates some of what structured notes do, and that space has grown tremendously,' said Matt Kaufman, the company's head of ETFs. 'All the boats have risen with the tide. I think that's going to happen with autocallables as well.' READ ALSO: ETFs Built On Tax Advantage Draw Congressional Scrutiny and ETF Investors Lured to AI, Crypto, Fintech The arrival of autocallables — structured products that are automatically redeemed when certain conditions, such as the underlying asset reaching a specified value, are met — further broadens the spectrum of ETF products. Calamos is betting on autocallables reaching the same level of popularity as buffer ETFs and structured annuities, said fund uses a laddered structure in which different notes have different maturity dates, staggered weekly. Kaufman said the product is ideal for investors who want a high-risk, high-reward, regular income option without the reinvestment risk that comes with single-note autocallables. 'A lot of advisors today who are buying autocallable notes, those notes can get called away … and then you have to go shopping again. You have to reinvest your proceeds,' Kaufman said. 'All of that goes away when you build a laddered version of this inside of an ETF.' CAIE's MerQube index is tied to $3 billion in JPMorgan structured notes, Kaufman added, giving investors exposure to the roughly 52 laddered autocalls inside the fund. According to recent data: Autocallable structured notes made up more than $104 billion in issues last year, according to Calamos. Derivative income funds and covered-call strategies saw $39 billion in net inflows, pushing total AUM to $114 billion, per Morningstar. Having Faith. Vinit Srivastava, the co-founder and CEO of MerQube, said the diversified aspect of index-based autocalls reassures investors that their investments will generate returns. 'As the market is changing, we think option-linked ETFs will keep growing,' he added. 'Things that people did not consider, like [autocallables], to be in their portfolio, they will see more of that going forward.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter.

UniCredit to Offer BlackRock Bitcoin ETF-Linked Product for Some Clients
UniCredit to Offer BlackRock Bitcoin ETF-Linked Product for Some Clients

Bloomberg

time01-07-2025

  • Business
  • Bloomberg

UniCredit to Offer BlackRock Bitcoin ETF-Linked Product for Some Clients

UniCredit SpA will offer its professional clients a structured product tied to BlackRock Inc. 's iShares Bitcoin Trust ETF that features full protection against losses, as European banks seek new ways to tap into appetite for digital assets. The bank plans to issue a five-year, dollar-denominated investment certificate linked to the iShares Bitcoin Trust ETF which will offer a 100% capital protection at maturity, according to an internal memo seen by Bloomberg News and confirmed by the bank.

Standard Chartered sees affluent clients putting more money to work in Hong Kong
Standard Chartered sees affluent clients putting more money to work in Hong Kong

South China Morning Post

time15-06-2025

  • Business
  • South China Morning Post

Standard Chartered sees affluent clients putting more money to work in Hong Kong

Wealthy people are increasingly drawn to structured products and diversified investments in light of market uncertainty, according to Standard Chartered Bank 's Eliza Law , who sees affluent clients putting more money to work in Hong Kong 'Our clients' interest in investing has grown,' Law, managing director and head of affluent segment and distribution, wealth and retail banking at Standard Chartered Hong Kong, said in a briefing on Thursday. 'They are keen to enhance their investment knowledge and gain access to unique products.' First-quarter data from Standard Chartered showed the number of clients who moved up the ladder from other segments to the private-priority tier – those with assets worth more than US$1 million – surged 45 per cent from a year earlier. Other segments include priority banking, for clients with more than US$100,000 in assets, and premium banking, for those with more than US$25,000 in assets. This client 'up-tiering' contributed to the bank's double-digit growth in the first quarter from a year ago, Law said. That trend would be a 'key source' for the bank to meet its ambitious goal of attracting US$200 billion in global wealth-management business from newly affluent people in the next five years, she added. Greater interest in diversified investing and higher-return products, compared with time deposits, reflect how affluent clients are dealing with current economic challenges and global trade tensions. Law said Standard Chartered offered a range of highly sophisticated products that catered to professional investors within the bank's private-priority segment. The sales volume of these products grew 2.4 times from 2023, driven by certain principal-protected structured products linked to equities and interest rates.

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