danno

HSBC Wades Into Water Index Market; Investment Products to Follow

I wonder if this will be any better than the piece of trash Climate Change Index that HSBC developed. Read the methodology behind that one - it's good for a laugh (until you realize all the morons who put money into structured products that track that Index). For all the work HSBC does, it's work is really shoddy. HSBC's Climate Change Centre of Excellence - smart people developing stupid products (well smart for HSBC to make money, stupid in terms of being a bad product for investors with little intellectual rigor or quality).