The Spanish Stock Exchange trades the first ETF on the IBEX 35® double short

The Spanish Stock Exchange trades the first ETF on the IBEX 35® double short

12/12/2011

The Spanish Stock Exchange today started trading a new exchange-traded fund called LYXOR ETF IBEX 35® DAILY DOUBLE SHORT, issued by Lyxor Asset Management, Société Générale’s investment subsidiary.

This issue brings the number of ETFs listed on the Spanish stock exchange to 67, in this way increasing the number of assets linked to strategy indices in the Spanish market.

The IBEX 35® DOUBLE SHORT offers double short exposure to the daily return on the IBEX35® NET RETURN, through the investment of an initial capital plus an equivalent loaned capital. A negative daily return on the IBEX35® NET RETURN yields a positive return, but double that amount, for the IBEX 35® DOUBLE SHORT and viceversa.

The trading volume on the ETF segment to November reached €3.19bn on 40,613 trades.