US wrap: RBC taps interest in sectors with accelerated growth product linked to financials

RBC product offers returns linked to US finance sector

Recent issuances have seen accelerated growth and reverse convertibles vying to take the lead in terms of volumes. In the latest offering, accelerated growth products narrowly head the field, with Royal Bank of Canada (RBC) issuing the most products.

One of the RBC issues is an accelerated growth product that tracks the performance of the Financial Select Sector SPDR Fund. The product has a maturity of one and a half years and offers a participation rate of 200%, capped at 30.75-33.6%. There is

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