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HKMA Cautions On Structured Products
The Hong Kong Monetary Authority has warned investors about structured investment products.
TheHong Kong Monetary Authority(HKMA) has warned investors about structured investment products,China Dailyreports. It has cautioned that the stock accumulator contracts, part of structured investment products, could be doubly risky if bought on margin financing.
Investors were advised to closely scrutinize these products before buying. In 2008, 5,000 to 6,000 Hong Kong local investors had lost around $77 billion in structured investment products due to the collapse ofLehman Brothers Holdings.
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