Offshore, Private Banking & Institutional Market Review - July 2013

The offshore, private banking and institutional database saw a total of 751 products worth an estimated $2.76bn added in July compared to $3.47bn worth of issuance recorded last month, posting a considerable drop of 25.7% despite much improved issuance. The registered fall in sales was attributed to a setback in demand for private placement in high grossing countries such as South Korea and Switzerland; a major slowdown in equity product issuance amidst market volatility; and lower rollover inve