Structured products conference to focus on taxation, mutual funds, doubling of industry

By Kenneth Lim

Boston, March 7 - The Structured Products Association will tackle taxation, the relationship with mutual funds and the goal of a doubling in size of the industry at its annual conference in April, the association said.

The New York-based trade group, which reports more than 2,000 members, said its conference this year will focus on the distribution aspect of the structured products industry.

The aim will be "to discuss how the industry can double its size in two years," the association said in a statement.

The conference, which will take place in New York on April 9 and 10, will discuss issues such as wholesale networks, nomenclature standards and the insurance industry, the association said.

In light of an ongoing debate about proposed legislation to tax accrued interest income for exchange traded notes, "the SPA is arranging a tax panel with participants in the legislative process considering taxation of structured products," the association said. "This panel will provide an opportunity to gain exclusive insight into the process."

One of the topics will also focus on the mutual fund industry, whose products are widely viewed as a chief competitor of structured products. Tension between the mutual fund and structured products industries have increased recently amid the tax debate, with the mutual fund industry supporting the proposed changes and the structured products industry lobbying for the status quo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.