Hot products for 2005

Geraldine Lambe selects products that are expected to be among the most popular this year.In The Banker’s search for the hottest products of 2005, it proved impossible to find anything in the equity capital markets. Despite the fact that equity is historically cheap and debt historically expensive, only Lars Kreckel, European equity strategist at ABN AMRO would make a comment, and that was limited to: “We think equities as an asset class will do well next year and see liquidity flowing in at the beginning of the year.” In debt, derivatives, structured products and FX, however, it is a different story. What follows is a selection of the most popular.