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STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that the EURO STOXX 50 Daily Leverage 3 and LevDAX x3 indices have been licensed to ETF Securities to serve as the underlying for two exchange-traded products (ETPs). The ETPs will be listed on Xetra today.
“The EURO STOXX 50 Daily Leverage 3 and LevDAX x3 provide sophisticated market participants access to the three times leveraged performance of the leading blue-chip indices for Europe and Germany, respectively,” said Hartmut Graf, chief executive officer of STOXX. STOXX is the marketing agent for the indices of Deutsche Börse AG, including the DAX indices. “Both indices are part of an innovative strategy index offering that STOXX markets globally.”
Townsend Lansing, Head of Short and Leveraged Platform, ETF Securities said: “The EURO STOXX 50 Daily Leverage 3 and LevDAX x3 indices are highly liquid and transparent blue chip strategy indices, which enable investors to take short term views ad make tactical trades. We look forward to continue working with STOXX on existing and new products.”
The EURO STOXX 50 Daily Leverage 3 Index is linked to the daily performance of the EURO STOXX 50 Index in a triple leveraged way: for example, a positive performance of the EURO STOXX 50 Index results in approximately a triple positive performance of the EURO STOXX 50 Daily Leverage 3 Index, and vice versa. The index is calculated in euro and U.S. dollars. Daily historical index values are available back to Dec. 31, 1991.
The LevDAX x3 Index follows the methodology of the LevDAX indices. Designed for investors with an appetite for risk, the performance of the LevDAX indices are directly linked to the performance of the DAX and proportionate to its leverage factor. For example, the LevDAX x3 gains three times the value of the DAX, and vice versa (not taking into account positive effects from the financing term).
Please see www.stoxx.com and www.dax-indices.com for further information.
