Nordic sales hit new low as markets show no sign of recovery
Sales and issuance of structured products in the Nordic region have been on a downward spiral for a number of years now and this trend continued in the first quarter of 2018. In Sweden volumes were down by 45% compared to the same period last year, while Finland and Denmark reported a 35% and 86% drop in sales, respectively. Issuance decreased too, with 40% less products seen in Sweden during the quarter and Finland (-30%), Denmark (-75%) and Norway (-14%) also lacking in new products. The fact that Nordea, which last year had a presence in all four markets, limited its issuance to just two products in Finland did not help while the introduction of Mifid 2 also left its mark.
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