Equity baskets were the preferred underlying assets for the Italian retail investor.

An estimated €13.1 billion (US$15.5 billion) was collected from 1,970 structured products offered to Italian retail investors in the first quarter of 2026. Sales were up by 17% compared to the previous quarter; year-on-year (YoY) they increased by more than five percent (Q1 2025: €12.5 billion). Issuance was increased by 130 products quarter-on-quarter (QoQ) and was up by almost 300 products compared to Q1 2025 when 1,680 products were available to Italian investors. Some 1,428 prod