The Mexican financial group has seen its sales of structured products in the retail market more than halved in the first quarter of 2021.

Monex sold MXN56 billion (US$2.8 billion) in structured products during the first quarter of 2021, a steep decline from its volume of MXN116 billion in the same period of 2020, SRP data shows. Monex’s product issuance has remained steady over the past year decreasing to 803 (MXN34 billion) in the second quarter of 2020 from 988 in Q1 20. This number recovered during the following quarter to total 1,096 products while sales were boosted to value MXN46 billion. Issuance fell once again to

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