Historical low interest rates and issuer funding behind the lowest issuance of fund-linked products in the Belgian market in years.
The issuance of structured products that use funds as underlying has taken a dive in Belgium. Five years ago, seven different providers, including Deutsche Bank, Bpost Bank, BNP Paribas Fortis and Belfius, distributed 47 fund-linked structures worth a combined €526m. Four years on, and Deutsche is the only remaining bank that still issues this type of structure: five in total thus far in 2019, with estimated sales of approximately €45m. “There have been a few products linked to
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