France 9M 2022: capital protection, shorter tenors gain traction

An estimated €25.5 billion was collected from approximately 3,000  structured products in the French market during the first nine months of 2022 – up 34% by sales volume from the prior year period (9M 2021: €18.9 billion from 3,104 products). Structured products with 100% capital protection increased their market share, representing nearly 10% of the notional issued in 9M 2022. Boosted by the increase in interest rates, 122 fully capital protected products were issued between 1 January an