Structured products that are linked to a single exchange-traded fund (ETF), or to a basket in which one or more ETFs is included, are becoming more popular in the US retail structured products market. SRP data shows that 998 separate structured products linked to the performance of one or more ETFs were issued and sold a collective $3.5bn in 2013. In addition, ETFs used as an underlying asset in structured products made up about 7.5% of all US structured products and accounted for 10% of overal