Volumes reached an eight-year high in the Belgian market which recorded the best-selling product of all time during the quarter.

An estimated €1.8 billion (US$1.9 billion) was collected from 27 structured products in the first quarter of 2023 – a 4.75 fold increase compared to the same quarter last year (Q1 2022: €305m from 26 products). In fact, sales – which were almost on par with those for the full year 2022 when €1.9 billion was raised from 91 products – were at their highest level for a single quarter since Q1 2015 (€2.2 billion from 82 products). Ten issuer groups

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