The Mexican structured retail products market reported a 15-month low in March with sales volumes dropping to MXN15.2 billion (US$637m) after having reached an all-time high of MXN105.4 billion in February.
The sharp decline in March comes amid the Covid-19 crisis, which caused panic among investors and sent global markets into historic freefall. In annual terms, the figures are positive showing an 80% increase in volume in the first quarter of 2020 compared to the same period last year. Monex continued to lead the market with a 67.33% share (MXN10.2 billion), followed by BBVA Bancomer with 24.4% (MXN3.7 billion). Monex was the leader in short-term strategies, as more than 90% of its
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