The economic hardship caused by the Covid-19 pandemic, and the uncertainty regarding the upcoming US presidential election and high inflation expectations are leaving their footprint on markets with investors seeking refuge in safe haven assets such as gold.
SRP data shows that the price of gold as an underlying of structured products has retained its top 10 position in the global underlying ranking with an increase in issuance to 13,324 in H1 20 compared to 11.487 products issued during the same period of 2019. However, it has seen a significant 38% fall in sales from US$6.7 billion in H1 19 to US$4.1 billion in H1 20. In contrast, commodity trackers reported US$10.32 billion in net inflows in July bringing net inflows for 2020 to US$64.17
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