"Education, education, education." That's the mantra of all those lucky enough to be working in the US structured products market. Usually, when someone tells me they are "investing heavily in education" I nod politely. That's because I know if I ask them to back this up they usually fall silent.
This week, however, I've been truly impressed by some educational initiatives coming from the wholesale distributors. I won't name the organisations just yet - you will have to wait until the April issue of Structured Products to see what impressed me.
At the core of all the educational drives I've heard about this week is a desire to see products truly understood by broker dealers.
It got me thinking - are European IFAs and others still in the dark when it comes to structured products? Could the European markets learn a thing or two from their American counterparts? Are Europeans now just complacent about their product knowledge?
Any thoughts let me know...