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The new «Short» and «Leverage» indices track the performance of a strategy that combines a treble to quintuple positive or negative exposure to the CAC 40…
NYSE Euronext|About NYSE Euronexten announced the expansion of its range of strategy indices with the launch of six new products based on the CAC 40 index.
– The new Leverage indices track the performance of a strategy that trebles to quintuples exposure to the CAC 40 index with the support of short-term financing. In a rising market, they thus enable investors to earn a daily return that amplifies that of the underlying index, minus the financing cost embedded in the strategy.
– The new Short indices track the performance of a strategy that combines a treble to quintuple inverse exposure to the underlying index with the exposure to a risk-free moneymarket instrument. In a falling market, they thus enable investors to earn a positive daily
return that is the inverse of the underlying index.
«The launch of these indices will enlarge our family of strategy indices, reflecting our commitment to providing investors with a wider choice of trading strategies, and issuers of products including ETFs, certificates, warrants and EMTNs with a selection of effective tools to meet their needs and keep pace with market developments,» says George Patterson, head of Global Index Design, [Global Index Group at
NYSE Euronext->spip.php?mot116&lang=en].
The new indices are calculated and disseminated continuously from 24 November, 2010. They are listed below:
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