USA Market Review - April 2017

The US structured products market is dominated by structured notes and certificate of deposits which accounted for 86.5% and 14%, respectively, of the total sales in 2016 and the first four months of 2017. Those two wrappers aside, a third wrapper, the US structured unit investment trusts (UITs), has appeared as a possible alternative to the popular wrappers with the slowdown of the market in the first half of 2016. "We believe the UIT could become a very mainstream wrapper for typical structur