The US bank lost momentum in the final quarter, closing the year with US$11.6 billion structured note sales in its home market.
In this week’s annuities roundup, we look at yearly sales of indexed annuities as well as new products from Nassau, RaFi’s first multi-asset index used in the retirement space, Axonic’s expansion and more.
Goldman Sachs’ US structured notes notional traded in 2023 has fallen by 15% to US$11.4 billion.
The managing director has left UBS global wealth management following 17 year of service at the Swiss bank.
SRP examines US structured notes potentially impacted by the recent bearish performance of Boeing shares.
Over the last two years the larger underlyings have continued to dominate the notional going into structured products which continued to beat their referenced assets even after times of market disruption.
J.P. Morgan continues to outpace the other 15 issuer groups in the fourth quarter of 2023 while Goldman Sachs ratches up its issuance following a downward trend.
The asset manager is seeking to make indexed annuities look and feel like the broader US retail wealth market.
With the help of the StructrPro lifecycle management portal, we analysed the performance of the main issuers, underlyings and product types in the US market during Q4 2023.