Product wrap: market cap benchmarks dominate issuance

Europe Investment certificates have gained traction for the European market this week with  177 out of 193 product issuances stemming from Germany, a 2.5 times increase compared to the prior-week period (67 out of 102 products were issued in the country). DZ Bank introduced the Trollinger ZinsFix Express Europa 2 (ETF-Liefermöglichkeit) . The three-year express certificate pays a fixed coupon of 4.3% p.a. The product has a knockout feature triggered after one or two years of investme