US investors cash in on Eurostoxx Banks despite 24% index drop

The Eurostoxx Banks Index has lost 24% of its value since the start of the year. The Stoxx sector index, whose top components include BNP Paribas (13.91% as of 30 September), Santander (11.29%) and ING Group (9.36%), closed at 78 basis points (bps) on 12 October, far removed from the dizzy heights of May 2007, when it reached an all-time high of 485 bps. With the help of the Structrpro.com tool, we analysed how structured products linked to the index performed in the US market. Our sample compr