Europe's top sellers: Italian investors spend big on capital protection

Italy: Max Long Cap Certificate – EUR290.69m Intesa Sanpaolo’s capital-protected certificate on the Eurostoxx Select Dividend 30 index was the best-selling product in Europe during the first half of 2020. The seven-year securities are issued on the paper of Banca IMI and pay an annual coupon linked to the performance of the index, which tracks the 30 highest dividend yielding companies across 11 eurozone countries. The product struck on 28 February 2020 at 1,791 points (current leve