Turnover of structured products in the Belgian market fell by 45% in the second quarter, with the decrease caused by the negative interest rate climate, coupled with a number of distribution requirements, which makes it ‘impossible to meet the preference of the client, who is looking for investment products with full capital protection’, according to Belsipa chair Florence Devleeschauwer.

Sales of structured products in the primary market amounted to €860m in the second quarter of 2019, a decrease of 45% quarter-on-quarter and down 17% year-on-year, according to the Belgian Structured Investment Products Association (Belsipa). This decrease was mainly driven by structured life-insurance products (Class 23), which were less in demand by 71% measured on a quarter-by-quarter basis and by 36% on the prior year quarter. The drop in sales for Class 23 products comes as a polar op

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