Strength in European and Japanese equities pushed the association's structured products benchmark to new peaks, while higher coupons supported incoming issuances.

The Swiss Structured Products Association (SSPA) reported that its Benchmark Index reached record highs across all three currency tranches in June 2026, supported by gains in European and Japanese equities that more than offset a modest decline in US stocks. Volatility trends diverged across the underlying markets during the month The EUR and US$ versions of the benchmark posted positive monthly returns, while the CHF tranche remained broadly flat. The index tracks a portfolio of standardise