The country’s structured products market activity cooled in July after June's surge.
Underneath the headline numbers, the mix shifted hard with equity products linked to a single index overtaking interest rate structures as the market's largest asset class, and equity-linked securities (ELS), the capital-at-risk autocallable wrapper, becoming the leading wrapper type for the first time in the last three months. An estimated KRW9.9 trillion (US$6.7 billion) was collected from 2,311 structured products offered on the South Korean primary market in July, according to SRP data. Sa