Fixed rate and step-up bonds, express certificates and uncapped capital protection certificates captured more than three quarters of the market between them.
The outstanding volumes for structured products sold to retail investors in Germany reached €108.4 billion (US$125.5 billion) at the end of June 2026 – their highest levels since end-March 2024, according to the latest figures released by the German association for structured securities (Bundesverband für Strukturierte Wertpapiere or BSW). Volumes increased by 4.2% compared to end-March 2026; year-on-year they were up by 7.5% (end-June 2025: €100.8 billion). Germany: devel