Bear Stearns structured equity products launches ISIS strategy for Europe

By Jennifer Chiou

New York, Feb. 21 - The Bear Stearns Cos. Inc. announced the launch of its newest structured equity product, ISIS, a dynamic Inter-Sector Investment Strategy designed to outperform the euro-zone equity markets.

According to the company, ISIS is based on a rotation strategy comprised of three main sectors: banks and insurance, telecom and technology, and health care and chemicals.

Bear Stearns noted that ISIS actively rebalances between these sectors on a monthly basis to optimize returns and is benchmarked against the Dow Jones Euro Stoxx 50.

"ISIS is the latest in a line of proprietary structured products aimed at providing investors with alpha generating strategies that historically outperform traditional stock market indices," co-head of global equity sales Leonardo Giangreco said in a news release.

"Through these innovative strategies, we've demonstrated our ability to create a new generation of structured solutions to help investors meet investment goals."

The Bear Stearns ISIS Index tracks this strategy and is independently calculated by Standard & Poor's.

New York-based Bear Stearns is a financial services firm. Bear, Stearns International Ltd. is a wholly owned subsidiary.

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