June observed a slowdown of the structured products market in Italy with 129 products that accumulated capital of €1.9 billion added to the SRP Italy database. This marked a decrease of almost 60% in issuance and 15% in sales volume, compared to May this year.
One hundred and eleven products struck this month and added to a total of 3,974 outstanding products worth €58.8 billion. One hundred and seventy-two products reached their maturity in June and another 17 redeemed early, returning to the market a combined €2.1 billion. The best performing product in June was an Inverse Certificate linked to a basket of shares, issued by Leonteq and distributed by BNK Fiduciaria. The product autocalled after 10 months and returned 111.25% capital, or 1
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