Credit Suisse Group AG, Switzerland’s second-largest bank, is offering an exchange- traded note tied to the Russell 1000 Growth Index that’s similar to one issued by UBS AG, the country’s largest lender.
Holdings of U.S. exchange-traded notes have climbed by about a third this year while sales of unlisted structured securities stagnate, as investors prefer their greater liquidity and access to dividends.
The next decade will be as good for investors as the 1990s, said Ken Fisher , the billionaire chief executive officer of Fisher Investments Inc., dismissing notions that developed economies face below-average growth.
Four years after China’s growth helped lead the global economy out of a recession and won the admiration of luminaries from billionaire George Soros to Nobel laureate Joseph Stiglitz, the nation’s stock market has lost more money for investors than any other in the world.
Seventeen years ago fund manager Michael F. Price spurred the merger of Chase Manhattan Corp. and Chemical Banking Corp., creating what was then the biggest U.S. bank and laying the foundation for JPMorgan Chase & Co.