European sales volumes in 2023 were boosted by strong performance of products linked to equity baskets.
Structured products saw particularly strong inflows in 2023, with products in Europe pulling in €171 billion (US$187 billion) in new issuances throughout the year, up 30% compared to the previous year (2022: €130.4 billion). Equities, as an asset class, continued to grow in terms of sales during 2023 The increase was largely supported by the re-appearance of capital protection products linked to rates or equities. For the below analysis, we are looking into the latter category, as