Solactive was the main provider of industry sector indices in 2022 with a market share of almost 50%.

Some US$8.5 billion was invested in 3,100 products linked to industry sector indices during 2022 – down 20% by sales volume year-on-year (YoY). However, compared to 2019 and 2020, sales were up significantly, by 120% and 70%, respectively.

Fifty-three percent of sales volumes in 2022 was invested in decrement industry sector indices, a percentage which was even higher in the previous year (2021: 60%).

Decrement indices first made an impact in this segment in 2020, and since then they have gone from strength to strength. They are especially popular in the Americas region, boosted by the demand from investors in Canada where they collected more than US$3.4 billion in 2022.

The Solactive Canada Bank 40 AR Index was the top-selling industry sector index of the year. It collected US$2.2 billion from 1,162 products that were sold in the Canadian market, via, among others, Canadian Imperial Bank of Commerce (CIBC), National Bank of Canada (NBC), Scotiabank, Toronto Dominion Bank and Royal Bank of Canada (RBC).

The index, which tracks the performance of the Solactive Canada Bank TR Index adjusted for a synthetic dividend of 40 index points per annum, was one of five Solactive decrement indices that made the top 10 in 2022.

The German index provider held 47% of the market for industry sector indices in 2022, followed by Qontigo (37%), S&P Dow Jones (8%) and Bloomberg (2%).

The first non-decrement index in the top 10 was the Eurostoxx Banks. It was used as the underlying index in more that 500 structured products that sold a combined US$2.1 billion during the year. Unlike the Solactive Canada Bank 40 AR index, which was exclusively sold in Canada, the Eurostoxx Banks was present in 17 different jurisdictions, of which France (US$790m from 200 products) and Italy (US$630m from 53 products) where the most prominent.

Another Qontigo index that performed well was the Stoxx Europe 600 Basic Resources Index, which accumulated sales of US$256m from 39 products, with France (US$120m from 12 products) and Italy (US$100m from five products) again the main markets.