Market snapshot
Tim Mortimer analyses the increase in structured products issuance in the US in July and the rise of Goldman Sachs to the prominence of top issuer.
The notional of structured products in the US public market edged up in July, to $1.21 billion across 283 products, from the $1.13 billion across 371 products sold in June. July's new issuance, at an average of $4.28 million per product, is a marked increase in issue size.
The most active issuer in the US in June was Goldman Sachs, which sold more than $172 million of products and launched more than 15% of all products by the notional amount. It was followed by Bank of America, which accounted
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