View full page at forexfactory.com

 

A Swiss Bank Is Selling Rich Clients an Exotic U.S. Election Bet

From bnnbloomberg.ca

A Swiss wealth manager is pitching a racy way to bet on stocks ahead of potential market disruptions spurred by the U.S. presidential election. Julius Baer Group Ltd. is selling as much as $40 million of structured notes tied to large American companies hinging on which party holds the White House next year. Pick the note that corresponds to the winner and profit, at least in theory. The private bank’s “Democrat Victory” note includes Main Street names such as Ford Motor Co. and Walmart Inc. Its ostensibly Republican-friendly portfolio features technology and financial firms like Google parent Alphabet Inc., ... (full story)

Story Stats

  • Posted:
  • Category: Entertainment News