ETF Securities has launched a platform of exchange-traded funds tracking double leveraged and double short benchmarks on the Amsterdam market of NYSE Euronext.
ETF Securities has launched a platform of exchange-traded funds tracking double leveraged and double short benchmarks on the Amsterdam market of NYSE Euronext.
The ETFs are based on the Dow Jones Euro Stoxx 50 and the Cac 40.
The ETFS Dow Jones Euro Stoxx 50 Double Short (2x) Fund, ETFS Dow Jones Euro Stoxx 50 Leveraged (2x) Fund, ETFS Cac 40 2x Short Fund and ETFS Cac 40 2x Long Fund track double leveraged and double short equity indices, which provide 2x long or 2x short exposure to the daily percentage return of various benchmarks through an ETF.
The ETFs are intended for investors who do not wish to use derivatives to set up short-term leveraged directional strategies.
They can also be used to hedge a portfolio or to implement market neutral, long-short and pairs trading strategies.
The products also allow traditional long managers, including Ucits funds, to use leveraged long and leveraged inverse strategies without the need to enter into complex and costly stock loan arrangements.
Mark Weeks, chief executive of the ETF Exchange, says: ‘I am very excited by this offering ETF Securities is bringing to the market. It is a very valuable additional tool set that all investors will be able to access. Many investors are looking for safe and secure products that provide very liquid market exposure and these products do just that.’
