Autocallable notes continue to dominate the structured product market, with structured product issuance exceeding US$195 billion in the US in 2025 and autocalls equating for over 43% of the whole market.
In 2025, this momentum led to the launch of a new autocallable exchange-traded funds (ETF) format. Although the concept of an autocall ETF is a relatively new one; there have been structured product mutual funds available for much longer Structured notes and ETFs traditionally have some fundamental differences, namely that an ETF is a pooled investment holding a basket of assets whereas a structured note is issued by a financial institution and often has a non-linear payoff linke