Asia's Rich Pour $200B into Complex Equity Notes, Eyeing China Tech

• Rich Asian investors are driving a record revival in complex equity notes, with issuance surging 80% to over $200 billion this year.
• Structured products like accumulators and fixed-coupon notes are popular, offering regular payments and controlled stock exposure.
• Investments have shifted from US names to Chinese mega-caps like Alibaba and Tencent, with Alibaba being the most popular underlying asset.
• Asia accounts for over 60% of global structured product sales, led by China and Hong Kong.
• Despite potential for steep losses due to complex structures and market downturns, investors are drawn by high yields and belief in stock recovery.

Why It Matters: Wealthy Asians are repeating risky investment mistakes with complex equity notes.