Germany 9M 2022: decrement up by more than 10%

The German non-flow market, which has collected some US$12.4 billion year to date from over 15,350  structured products , has remained flat during the first nine months of 2022 – up just 1.6% by sales volume compared to the previous year period (9M 2021: 14,736 products/US$12.2 billion). Yield enhancement and capital-protected products benefitted from the change in the macro environment increasing their market share at the expense of participation and products with reference entities (cre