​Weekly - UBS Expands In Structured Products; Nomura VRP Fund; SG Covariance Structure

China continued to be a focus for investors globally as Beijing banned stock sales among stakeholders and encouraged market participants to buy shares to stem the decline in stock prices. The move drove a spike in Chinese stocks during the latter part of the week, with active option buying in the HSCEI. Flow trends surrounding China will be a focus of EQDerivatives’ Magazine, which is out later this month. In this week’s coverage, we report on the appointment of Michael Nelskyla at UBS as head of the firm’s customized solutions sales group in New York. We provide details on the launch of Nomura’s Equity Volatility Risk Premium UCITS Fund, which offers investors access to the performance of a portfolio of equity volatility investments on the S&P 500 and short-term USD interest rates. Elsewhere, we look at a novel transaction from Société Générale that allows investors to be long covariance between euro/U.S. dollar and the Eurostoxx 50.