The Spanish Stock Exchange today started trading a new exchange-traded fund issued by Lyxor Asset Management, called LYXOR ETF IBEX 35® DOBLE APALANCADO DIARIO.
This issue brings the number of ETFs listed on the Spanish stock exchange to 66, in this way increasing the number of assets linked to strategy indices in the Spanish market.
The IBEX 35® DOUBLE LEVERAGE offers double exposure to the daily return on the IBEX 35® NET RETURN, through the investment of an initial capital plus an equivalent loaned capital. A positive daily return on the IBEX 35® NET RETURN yields an also positive return, but double that amount, for the IBEX 35® DOUBLE LEVERAGE and viceversa.
In September the trading volume in the ETF segment of the Spanish Stock Exchange was €207million, up 11.8% year on year. The number of trades on the ETF segment in the same period was 4,058, up 3.9% from the same period last year.
