Table of Contents
I. Asia Pacific Sector Swap 3
Why are we introducing the Asia Pacific Sector Swap? 3
Who will use Sector Swap? 3
What products BNPP can provide? 4
How to use the Sector Swap? 4
Methodology 5
II. Investment Tactics 6
Global recovery underway 6
Country Neutral Strategy 7
Sector Neutral Strategy 15
Equity Swap Pricings 18
III. Country Analysis 20
Japan 20
China 35
Hong Kong 45
Korea 50
Taiwan 61
Australia 70
Singapore 76
India 80
IV. Sector Analysis 92
Appendix 1: Equity Swaps 95
Contacts – Global Equity Derivatives Strategy 96
Important Notice 100