Investors switch on to EM basket options
HONG KONG – Basket options linked to emerging market currencies have garnered interest since the third quarter this year, as investors seek enhanced yield through exotic structures, according to banks.
Selene Chong, head of foreign exchange structuring for the Asia-Pacific at HSBC Global Markets in Hong Kong, said the recent interest has mainly been in Asian currencies. The won, rupee, rupiah, renminbi and Hong Kong dollar – as a proxy for the renminbi – have been the most sought after as
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