The structured products destined to high risk investors thatErste Bank listed on the Bucharest Stock Exchange in July havestirred high interest among investors, with deals worth above 14mRON (3.3m euros) being operated with them in just three monthssince launch.
Half of these transactions were conducted for only one security,namely Dax Turbo Short (EBDAXTS1), allowing investors to profitfrom declines in DAX German index.
Few brokers believed these securities would find buyers on thedomestic market owing to their high complexity level, particularlyin the case of Turbo certificates, but stock market apathy pushedspeculators to try them.
Though the Stock Exchange is dominated by speculators, theBucharest market does not hold domestic securities specific ofspeculators, yet, such as short transactions offering investors thepossibility of gaining when the market falls.
Raiffeisen, which launched its own certificates on the StockExchange in mid-August, has not managed to attract such highinterest as it listed only index-type certificates, consideringTurbo ones are too complex for domestic investors.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
