Lockdown measures and the imminent economic uncertainty caused by Covid-19 have led to Belgian investors seeking refuge in the secondary market.

Sales of structured products on the primary market amounted to €1.24 billion (excluding leverage products) in the first quarter of 2020, a decrease of 20% compared to the equivalent Q1 2019. However, this was a slight increase of three percent compared to the fourth quarter of 2019, according to the Belgian Structured Investment Products Association (Belsipa). The turnover of structured products sold (back) on the secondary market in Belgium amounted to €1.47 billion, an increase of 7

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