As the shockwaves of the H share index-linked ELS losses rattle the market, market participants’ attention has started to shift to capital-protected products.
South Korea finished March with product issuance and most product sales volumes dropping as the market sentiment continued to juggle with the fallout of equity-linked securities (ELS) linked to the Hang Seng China Enterprise Index (HSCEI). SRP data shows the country’s overall structured product monthly sales volume tumbled to a 17-month record low of US$2.8 billion . Autocallable-focused, non-principal-protected ELS products saw new issuance dropping to 545 products in March from 673 pr
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