Canada’s structured products market recorded the slowest month in almost two years in February, with the number of striking products dropping to 247, compared with an average of 328.5 for the previous 12 months and 404 for the same month in 2018, according to SRP data. This drop comes despite February being an on-month for Desjardins, whose products strike only every even month of the year.
In contrast, the number of maturing products peaked to 194, with 79 products autocalling during the month – both metrics at their highest in 13 months. The autocall rate of 18.8% represents a surge of over 15 percentage points as compared with January, but is still well below the historic average of about 60%, SRP data shows. Despite the growing number of autocalls and dropping number of striking products, the month of February ended with another monthly gain in terms of concurrent live p
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