Rich have their eye on structured financial products

Structured products will be the most popular financial instrument, and the United States will be the investment destination of choice for China's wealthy in the coming 12 months, according to a report co-released by Julius Baer Group and Bank of China Co Ltd on Tuesday.

A structured product is commonly defined as a prepackaged investment strategy based on derivatives, such as a single security or securities, a basket of stocks, options, commodities, debt issuance or foreign currencies.

In June, a survey was conducted, fielding 200 responses from Bank of China private banking's client base, in the form of face-to-face interviews. Their locations ranged from large metropolitan centers like Beijing, Shanghai and Shenzhen, to the central economic hub of Chongqing, to the western province of Qinghai.