ETF issuer has launched three short and leveraged (S&L) ETPs, covering French equities and European banks.
The WisdomTree CAC 40 3x Daily Leveraged (3CAC) and WisdomTree CAC 40 3x Daily Short (3CAS) have listed on Börse Xetra and Euronext Paris with management expense ratios (MER) of 0.75 per cent and 0.80 per cent, respectively. WisdomTree is the only ETP provider in Europe to provide 3x daily short and leveraged CAC 40 exposures.
The WisdomTree EURO STOXX Banks 3x Daily Short (3BAS) has listed on London Stock Exchange, Börse Xetra and Borsa Italiana with an MER of 0.89 per cent. The firm writes that the ETP complements the existing WisdomTree EURO STOXX Banks 3x Daily Leveraged ETP.
Pierre Debru, Head of Quantitative Research & Multi Asset Solutions, Europe, WisdomTree, says: “In the current economic landscape, investors need an extensive range of tools to navigate financial markets, whether that is to magnify daily returns, hedge positions or to deploy more sophisticated strategies. Tactical exposures through short and leveraged ETPs can play a complementary role to long-term strategic holdings, allowing investors to express high conviction views and take advantage of market dislocations quickly and efficiently.”
Alexis Marinof, Head of Europe, WisdomTree, adds: “We continuously look for ways to add value to investors’ portfolios and deliver thoughtful exposures to help investors achieve their financial goals. For over 15 years, we have been launching innovative ETPs and the launch of the 3x short and leveraged CAC 40 ETPs is the latest example in our rich history.”
On 31 July 2023, WisdomTree cross-listed the WisdomTree WTI Crude Oil 3x Daily Short, WisdomTree WTI Crude Oil 3x Daily Leveraged, WisdomTree Brent Crude Oil 2x Daily Leveraged and WisdomTree Industrial Metals – EUR Daily Hedged ETPs on Börse Xetra.
WisdomTree writes that its short and leveraged ETP range is the most comprehensive in Europe and has USD1.8 billion in assets under management and consists of 112 S&L ETPs, covering major asset classes, such as equities, commodities, fixed income, alternatives, and currencies.
The ETPs are registered for sale in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and the UK.
