The leading tech giant has strengthened its presence as a top underlying in the US structured products market over the past year.
SRP data shows that the sales volumes of structured products tied to Apple sky-rocketed by almost 70% to reach US$715m in the second quarter of 2021, compared with the same period a year ago. However, compared to the previous quarter, sales of Apple-linked products were down by 32% when they sold US$1 billion and 15% from the fourth quarter of 2020 where sales totalled US$844m. I think there is going to be a continued trend towards yield products - Deryk Rhodes, InspereX UBS Financial Servi