A lot of dust has been raised about the write-down of additional tier 1 (AT1) perpetual bonds of Yes Bank—about its technicalities, its fairness, et al. The loss is a moment to pause and ponder how financial products are sold and the lack of understanding of associated features and risk factors. Let’s take the term mis-selling as selling a product by highlighting or exaggerating the positive aspects and suppressing the limitations or risk factors and the suitability of the product for the requirements of the customer.
13 passive mutual fund NFOs launched in 1 month. What's behind the rush?
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