Synthetic dividend underlyings continue to gain share in Europe’s structured products market in 2026, with France extending its dominance while usage patterns across Germany, Italy and the UK highlight significant regional differences.
Decrement indices have become an important part of Europe’s structured products landscape, even as issuance volumes have slowed down compared to 2025’s elevated levels. France continues to dominate the European decrement market by a substantial margin Across Europe, issuance linked to decrement indices, including decrement single-stock structures, totalled US$36.57 billion in 2025. In 2026 year-to-date, volumes have reached US$13.94 billion, reflecting slower headl