London Stock Exchange welcomes Societe Generale to celebrate the launch of its new range of ETPs
Societe Generale to launch new range of Exchange Traded Products (ETPs) for UK Investors
Societe Generale, one of Europe’s largest financial services groups, present in 66 countries, has listed 74 ETPs on the London Stock Exchange, so UK investors can leverage their exposures to equities, energy, commodities and currencies.
The launch is one of the largest seen in the leveraged ETP sector, in the UK. It includes 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.
The ETPs were developed as part of Societe Generale’s strategy to diversify its broadly-based offering of investment solutions and meet growing investor demand for liquid products with a broad choice of leverage. The products are priced to be highly competitive against competing ETPs. Their launch coincides with a recent hike in market volatility to levels not seen for six years.
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 full product range can be viewed here www.sgetp.co.uk. Societe Generale is planning to roll out further products with other underlying assets.