Increased volatility led to a decline in sales volumes from structured products targeted at retail investors in 2020.

BNP Paribas Fortis Funding, the Luxembourg issuance vehicle owned by BNP Paribas Fortis, issued 22 securities worth €124.5m (US$150.8m) during 2020, a decrease of almost 50% by sales volume from the €240.1m raised from 33 securities sold in 2019, according to the company’s latest audited annual accounts. The figure, which includes sales to retail investors in Belgium and Luxembourg, can be split into index-linked notes (€51.6m from 13 products) and fixed interest rate notes

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