Solid Q3 performance for Canadian banks as structured products sales rise by 15%
Issuance of structured products in Canada in the third quarter of 2017 increased by 25% year-on-year while sales volumes rose by 15% during the same quarter, according to SRP data. The 461 products, from five different distributors, that were sold during the quarter collected combined sales of C$3bn (US$2.5bn) between May 1 and July 31, compared to 370 products worth C$2.6bn that were issued in the same period last year. Equities, used as underlying in more than 90% of the products, dominated proceedings, followed by commodities, funds, interest rates and real estate.
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