.dbsbank launches new tranche of structured product with ESG theme
"By designing it as an outperformance trade, it functions as a pure play on ESG, giving clients exposure to the alpha of ESG investing, while being immune to the beta of the broad market."
Currently, 40 per cent of the respondents had ESG investments. Around 77 per cent aim to raise their ESG investment exposure over the next three to five years, and 70 per cent are willing to switch current portfolio holdings for products with higher ESG ratings. Based on key metrics as at December 2019, the return on equity for the MSCI EM Asia ESG Leaders Index was 12 per cent, compared to 10 per cent for the MSCI EM Asia Index. The net profit margin was 9 and 7 per cent, respectively.
The first series clocked an average cumulative performance of 14 per cent and an average return on investment of 135 per cent as at Oct 13. Over 75 per cent of clients have unwound their trades to book profits. The series did not feature a cap on the outperformance calculation.
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