Express certificates recorded the highest MoM increase in May.
Outstanding volumes for structured certificates sold to Austrian retail investors reached €16.5 billion (US$19.4 billion) in May – the highest level in the 19-year history of the Austrian certificates market, according to the latest figures released by the Austrian certificate association ( Zertifikate Forum Austria or ZFA). Certificates, with their diverse structures, have become accepted by a broad range of retail investors - Frank Weingarts, ZFA Open interest was up by €24