ELS sales slowly recovered MoM. The fully-principal-protected equity-linked bonds tracking Hyundai Motor stock gained visibility in July.
South Korea’s overall structured product monthly sales volume rose to KRW5.99 trillion (US$4.5 billion) in July, up 43% year-on-year and roughly two percent month-on-month, according to SRP data. The latest sales figure also reached the highest since January. South Korea: sales volumes by month (KRW billion) Source: SRP The biggest growth stemmed from derivative-linked bonds (DLBs), the fully-principal-protected structure dominated by interest rates as the asset class, which saw the sa
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