Best performing products Europe H1 2023: the essence of timing

The three best-performing products in the semester all profited from the low entry levels provided by the financial markets in the first half of 2020. Finland: C189 Osaketodistus Öljy ja Kaasu II 2023 – 197.1%/25% pa Nordea’s three-year medium-term note (MTN) sold €3.7m at inception. It struck on 5 May 2020, not long after the Covid-induced market crash witnessed mid-March 2020. As a result, the underlying Stoxx Europe 600 Oil & Gas index increased by 61% over the three-year term. Coupled with