Structured product investment sales rose 25% to £9.68bn in 2008, as the sector continued to establish itself as a provider of mainstream wealth management solutions, according to new analysis from Blue Sky Asset Management (BSAM).
The rise from £7.17bn in 2007 confirms predictions by BSAM last year of total retail sales of between £8bn and £10bn in 2008. BSAM's analysis reveals the sales increase was driven by a combination of a growing numbers of active providers in the UK and more product issuance. The total number of structured retail products issued in 2008 rose 20% to 985, up from 812 in 2007. Meanwhile, there were 97 issuers operating in the market during the year - up from 87 in 2007. BSAM suggests the record year was driven by client demand, as investors and wealth managers increasingly seek investment ...
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