ELS’ sales dropped by 34% compared to the prior year - ELS linked to baskets of indices saw a significant fall, but stock such as Tesla and Nvidia drove some activity last month.
Structured products in South Korea had a rocky start to the year, with total sales volume plunging by a third on a yearly basis to KRW4.55 trillion (US$3.1 billion) in January, SRP data shows. Capital-at-risk equity-linked securities (ELS) and principal-protected equity-linked bonds (ELBs) both recorded a tumble in volumes last month, with the former dipping roughly 34% year-on-year (YoY) to KRW1.27 trillion and the latter decreasing by 67% YoY to KRW1.3 trillion. The latest monthly sale