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Structured Products are non-collateralised products. If the Issuer and its guarantor are insolvent or default, investors may not recover part or all of the amount due. The warrants and callable bull/bear contracts are structured products which involve derivatives. Do not invest in them unless you fully understand and are willing to assume the risks associated with them.
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Non-collateralised Structured Products
當市況波動性較低，投資者可考慮敏感度較高的牛熊證產品，由於每個價位變動所須的相關資產變化較少，可助投資者更靈活捕捉市況。
相反，當市況波動性較高，可考慮較高換股比率的產品，如相同相關資產，收回價、年期等條款相約的牛熊證，換股比率較高的產品面值會較低，即使選擇較遠價產品，投入的本金可相應降低，有助在波動市中適當控制注碼。
不過，投資者要留意換股比率的高低不會影響牛熊證的槓桿(假設其他條款相同)，不要誤解敏感度較低的產品其風險會較低。
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