Societe Generale Open the London Stock Exchange to celebrate the launch of their new leveraged Exchange Traded Products
In what was the UK’s largest ever one-day product launch in the history of the exchange, Societe Generale was honored to be invited to Open the Market at the London Stock Exchange, celebrating the launch of 74 new leveraged Exchange Traded Products.
Zak de Mariveles, Managing Director, Societe Generale commented: “With over £2.8bn traded over the LSE last year, leveraged ETP’s are a popular way to gain leverage to a wide range of popular underlyers. Societe Generale is one of the largest European financial services groups with significant experience in providing ETPs across Europe. By broadening our offering in the UK we look forward to helping provide those investors that seek to gain leverage within their portfolios with an even greater choice and flexibility.”
The launch included products covering four of the world’s most prominent indexes - S&P 500, FTSE 100, DAX, and Euro Stoxx 50. The launch also includes coverage of hard commodities (oil, silver, gold, copper and natural gas) and currencies (GBP/USD, EUR/USD and JPY/USD). Investors can use the ETPs to take long or short positions and can leverage returns between two, three and five times over on a day-by-day basis.
For further information click here.
Risk Warning: Short & Long Leveraged ETPs are suitable for sophisticated retail investors. Both gains and losses will be accelerated in comparison to a direct investment in the underlying asset.
Any statement in relation to tax, where made, is generic and non-exhaustive and is based on our understanding of the laws and practice in force as of the date of this document and is subject to any changes in law and practice and the interpretation and application thereof, which changes could be made with retroactive effect. Any such statement must not be construed as tax advice and must not be relied upon. The tax treatment of investments will, amongst other things, depend on an individual's circumstances. Investors must consult with an appropriate professional tax adviser to ascertain for themselves the taxation consequences of acquiring, holding and / or disposing of any investments mentioned in this news.