More than 60% of sales volumes was invested in capital protection products.
Turnover for publicly offered investment certificates sold on the Italian primary market reached €7.3 billion (US$8.7 billion) in the fourth quarter of 2025, according to the latest figures released by the Italian association for certificates and investment products ( Associazione Italiana Certificati e Prodotti di Investimento – Acepi ). Sales fell by 8.8% compared to the previous quarter; year-on-year (YoY) they increased by 39% (Q4 2024: €5.3 billion). At the close of Q4 202