Products linked to an equity basket were the preferred asset class in the quarter.
An estimated €13.7 billion (US$16.1 billion) was collected from approximately 1,400 structured products offered to Italian retail investors in the third quarter of 2025, according to SRP data. Intesa Sanpaolo was the number one issuer in the quarter with a 34% share of the Italian market Sales were up by seven percent compared to the previous quarter; year-on-year (YoY) they increased by 78%. Issuance was stable quarter-on-quarter (QoQ) but increased by almost 500 products compared to