Turnover of capital-protected structured products in the Belgian market fell by 36% in the third quarter of 2019 as both investors and banks continue to suffer from the ‘difficult’ interest rate conditions.
Sales of structured products in the primary market amounted to €706m in the third quarter of 2019, a decrease of 18% quarter-on-quarter and down 23% year-on-year, according to the Belgian Structured Investment Products Association (Belsipa). The turnover of structured products with a capital protection feature, at €415m, fell by 36% compared to the second quarter, and by 25% year-on-year. ‘With an interest rate that is around zero it is very difficult to offer capital-protected
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