Morgan Stanley was the number one issuer in a quarter that saw a remarkable shift towards capital protection products.

An estimated SEK1.4 billion (US$145m) was collected from 67 structured products targeted at Swedish retail investors during the third quarter of 2026, according to SRP data. Sales decreased by around 18% compared to the previous quarter; year-on-year (YoY) they were up by six percent (Q3 2025: SEK1.3 billion from 119 products). Average volumes, at SEK20.8m per product, were significantly higher from the SEK14.2m average registered in Q2 2026 and also up compared to Q3 last year when product so