More than 87% of discount certificates generated a positive return in 2023, according to a report commissioned by the German Bundesverband für strukturierte Wertpapiere (BSW).

The study, which was conducted on behalf of the BSW by TTMzero in collaboration with the Stuttgart Stock Exchange, examined 170,823 discount certificates linked to the top 70 underlyings from Germany, Europe and the US, including five indices and 65 stocks. Discount certificates are popular because they are so reliable -  Christian Vollmuth, BSW In a consistently positive market environment of 2023, 76.3% of the underlying assets recorded a positive performance, while in the c