Swedish investors are the best in Europe at taking global views when buying structured products, according to a panel at the Structured Products Nordic Region conference in Stockholm
Investors in Sweden have a more global outlook than the rest of Europe when it comes to structured investments, according to market participants.
Relatively sheltered from the ongoing turmoil gripping the eurozone, the Nordic region has benefited from a better market environment and stronger risk appetites, especially in Sweden, which has facilitated a greater choice of underlyings and exposures.
“The focus is much more global in the Nordics than other European countries, such as Germany, where demand is much more local and is centred on the Dax or the Euro Stoxx 50,” said Peter Schwendner, partner at Fortinbras Asset Management, during a roundtable at the Structured Products Nordic Region conference in Stockholm today. “[In the Nordics] the local market is smaller, which is a good thing,” he said.
Risk appetite in the region is also reflected in a shift towards non-capital-protected structures, said Dick Ahlqvist, project manager for structured products at Svenska Fondhandlareforeningen, a Swedish securities dealers association.