The financial group suffered a 31% fall in issuance and a 20% decrease in sales with 960 structured products valued at MXN 49.2 billion (US$2.4 billion) during the fourth quarter of 2020, compared with 1,403 products in Q4 19 worth MXN 62.2 billion.
Brazilian investment firm XP Investimentos is launching a COE (certificate of structured operations) linked to a customised commodity global exchange-traded fund (ETF).
Inflows coming to the market from institutional and private banking clients ‘repatriating’ capital might turn that flow back to offshore markets.
Mexico’s structured products market started the year at a strong pace with 503 new issuances worth a combined MXN28.1 billion (US$1.4 billion) in January.
In the follow up of a two-part interview on the Brazilian structured products landscape, Rafael Miranda at XP Investimentos details the shift of investor focus to the unlikely pairing of sustainability and video gaming during the Covid-19 pandemic.
SRP caught up with the Brazilian investment bank to explore how the structured products landscape unfolded in Brazil during the turbulent year that was 2020.
The Spanish bank’s Mexican arm, BBVA Bancomer has reported a decline its structured note issuance during the fourth quarter of 2020 amid radical fluctuations in FX and rates which caused customer interest to dwindle.
The Brazilian bank has reached a record-breaking figure in assets under custody (AUC) at the end of 2020, as well as 2.8 million active clients.
The Brazilian structured products market almost halved in size by sales volume in 2020 compared to the previous year, according to SRP data.