Structured products sales volumes in Switzerland in January increased by 34% on the year, with 2,914 products worth CHF3.5 billion (€3 billion) added to the SRP database, against sales of CHF2.3 billion (from 1,708 products) recorded in January last year.
The Swiss Market Index (SMI) finished the month at 8,969.27 basis points, increasing 6.41% on the month, with volatility closing at 14.23% on the last trading day of the month, 39.83% lower than at the end of December 2018. The Swiss franc was the preferred currency for issuance, accounting for 65.12% of sales volume, followed by the US dollar, which made up 24.81% of new issues, and the euro, at 9.69%, according to the Six Swiss Exchange. Structured products accounted for 3.15% of banks&rsquo
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