Raiffeisen Centrobank, the investment arm of the Austrian groupof the same name, is trying to boost the popularity of structuredproducts, listing the first certificates with the S&P 500 USindex as underlying asset on the Stock Exchange.
Just several months after the emergence of the first rules onthe trading of structured products on the BSE, two large Austriangroups, Erste and Raiffeisen, have come to compete on this market.
Though the certificates are viewed as more intricate investmentsproducts and domestic investors' financial education level is stillbelow that of other markets in the region, the two players seegrowth potential.
Raiffeisen Centrobank representatives estimate that after thefirst year monthly trading volumes involving the nine indexcertificates the company listed on the
Bucharest Stock Exchange are likely to reach 5-7m euros, similarto the Polish market ones.
Their estimates are more conservative than those of Erste Bankofficials who a month ago estimated annual trades with their ownstructured products could go as high as 100m euros after the firstyear.
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