Income and selectivity shaped the French structured products market in Q4 2025 as products tied to interest rates captured 35% market share, ahead of structures linked to single equity indices with 34%.
Sales volumes declined in the fourth quarter of 2025, reaching €17.6 billion ($20.5 billion) , down from €19.2 billion in Q3 2025 and broadly in line with the €17.7 billion recorded in Q4 2024. This represents a sequential slowdown following a stronger first half of the year, where volumes peaked at €21 billion in Q2 2025. In contrast, issuance increased to 2,796 products, up from 2,263 in Q3 and also higher compared the 2,199 products issued in Q4 2024. This divergence betw