"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Friday, June 26, 2009
New Levered Long/Short ETFs Now Offered On European Indexes
ETF Securities is now providing levered 2X ETFs on four popular European indexes (see Financial Times article, Citywire article). The eight ETFs being offered include both long and short exposure on the FTSE 100, Dow Jones Euro STOXX, CAC 40, and DAX. The four 2X short ETFs will carry annual management charges (AMC) of 60 bps. The 2X leveraged long ETFs will carry charges between 40 and 50 bps. The company is offering the ETFs to allow fund managers the ability to hedge portfolios in place of borrowing stock or using derivatives.
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