RECENT DEVELOPMENTS IN MARKET-LINKED INVESTMENTS
As of January 2026, total issuance stands at USD 5.08Bn, representing +61.5% YoY growth, and signalling a strong, front-loaded start to the year across equity- and rates-linked structures.
• The 74% month-on-month decline in volumes should be interpreted in the context of the exceptionally elevated December activity in South Korea, indicating a pronounced seasonal base effect rather than a structural contraction in demand.
• Capital-protected structures accounted for 59.7% of total issuance, maintaining a leading position but declining versus prior levels, while growth products increased materially to 36.2% and income strategies rose to 4.1%, indicating a gradual rotation toward participation within a still protection-oriented market.
