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Five EasyETF trackers launched on NYSE Euronext in Paris

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The EasyETF range is expanding its offer with five new additions to the family.

The EasyETF range is expanding its offer with five new additions to the family.

EasyETF Topix broadens EasyETF’s Asia-Pacific range. EasyETF already has a range of trackers in the region, with EasyETF TSEC Taiwan, EasyETF DJ South Korea Titans 30, EasyETF DJ Asia/Pacific (excluding Japan) and EasyETF FTSE Xinhua China 25.

EasyETF Topix is dedicated to Japan and provides coverage of the country’s market capitalisation via over 1,700 companies spanning all sectors.

‘Alongside China, Japan holds a position of economic leadership in the Asia-Pacific region. Although the country’s exports are currently taking a hit due to the strong yen, Japan still possesses distinctive strengths specific to its economic model, with major world-renowned conglomerates and companies specialising in high value-added new technologies," says Danièle Tohmé-Adet, head of the EasyETF platform at BNP Paribas Asset Management (pictured).

Three of the new trackers (EasyETF CAC 40 Double Short, EasyETF DJ Euro Stoxx 50 Double Short and EasyETF Stoxx 600 Double Short) are inverse trackers, posting a return opposite to that generated by their benchmark index.

With the Double Short strategy, it is possible to protect a portfolio (French or European), by investing only half of the amount to be hedged.

‘With short strategies, investors are exposed to the opposite performance of a given underlying vehicle,’ says Tohmé-Adet. ‘As such, they can be used to hedge a portfolio expected to decline, to take advantage of a bear market, or to carry out arbitrage strategies by combining short and long positions with a view to profiting from performance spreads between two underlying vehicles. Thanks to double short strategies, which are completely transparent and systematic, it is now possible to receive twice the inverse performance generated by the major market indexes.’

Scott Ebner, senior vice president, exchange traded products of NYSE Euronext, says: ‘We are delighted by the launch of the first ETFs on Euronext tracking double-short strategy indexes including the CAC 40 Double Short index. Moreover, other ETFs launched today provide investors with the opportunity to choose to trade several EasyETFs listed on Euronext in dollars or euros.’

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