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Société Générale Asset Management tracks private equity index with Xetra-traded ETF

Deutsche Börse has announced the expansion of its XTF trading segment for exchange-traded index funds on the Xetra platform with the admission to trading of three new ETFs issued by S

Deutsche Börse has announced the expansion of its XTF trading segment for exchange-traded index funds on the Xetra platform with the admission to trading of three new ETFs issued by Société Générale Asset Management Index.

The SGAM ETF Private Equity LPX 50 allows investors to participate for the first time in the performance of the LPX 50 index, which aims to track the performance of the world’s 50 largest and most liquid private equity companies and represents about 70 per cent of the overall market for exchange-traded private equity firms.

SGAM has also listed two active ETFs that allow investors to speculate on the inverse performance of the Dow Jones Euro Stoxx 50 index. The SGAM ETF Bear DJ Euro Stoxx 50 offers variable exposure to the eurozone equity market that is diametrically opposed to the performance of the DJ Euro Stoxx 50.

The SGAM ETF XBear DJ Euro Stoxx 50 also offers variable exposure to the inverse performance of the DJ Euro Stoxx 50 but with maximum twofold leverage effect. The issuer specifies the variable investment rate every calendar quarter, taking into account the expected performance and volatility for the coming quarter.

According to SGAM, active ETFs are not limited to simply tracking their reference index but follow an investment strategy that focuses on exceeding the performance of a reference index or tracking it with a variable investment rate.

The product offering on Xetra’s XTF segment currently contains 319 exchange-traded index funds, the most of any European stock exchange, from db x-trackers, EasyETF, ETFlab, iShares, Lyxor, Market Access, PowerShares, SGAM, UBS Exchange Traded Funds and Xmtch. The market currently has an average monthly trading volume of more than EUR9bn.

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