SRP analysed how the main index providers fared during in the spring of 2025, highlighting a shift in market share, sales dynamics and regional trends.

In May 2025, global sales of equity index linked structured products reached US$14.9 billion, a steep 26.7% drop month-on-month (MoM). The contraction followed two months of solid growth and signalled a broader market cooldown. On a year-on-year (YoY) basis, global sales were down 12%. Global sales of structured products linked to a single equity index (US$m)   Source: SRP Across regions, the decline was most pronounced in the Americas, where sales fell 28.8% MoM to US$6.6 billion, dee