Lyxor International Asset Management has launched a new ETF, the Lyxor Nasdaq-100 Daily (2x) Leveraged UCITS ETF – Acc, on Xetra and Börse Frankfurt.The new fund allows investors to invest in the 100 largest non-financial companies listed on the Nasdaq stock market. The various industry groups include computer hardware and software, telecommunications, retail, wholesale and biotech.
The performance of the Nasdaq 100 index is represented by a double leverage. If the underlying index rises or falls by two per cent, the ETF would rise or fall by four per cent after deducting the financing costs.
