FTSE Russell developed short and leveraged FTSE China 50 indexes. First FTSE China 50 Short & Leveraged ETFs in Europe….
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FTSE Russell, has announced that it has licensed two new short and leveraged FTSE China 50 indexes to ETF Securities. The ETFS 3x Daily Short FTSE China 50 and the ETFS 3x Daily Long FTSE China 50 listed on Borsa Italiana on 3 November, and are the first in Europe to track the new FTSE China 50 indexes.
The FTSE China 50 is comprised of the 50 largest and most liquid Chinese stocks listed and trading in Hong Kong, and is used by investors around the world to gain exposure to the wider Chinese market. With a strong track record of developing China-focused benchmarks, FTSE Russell offers a range of products for global and domestic participants. Currently Assets Under Management (AUM) linked to FTSE Russell China indexes stands at USD$23 billion, as at 27 October 2015.
FTSE Russell offers short and leveraged indexes on a selection of global, regional and domestic benchmarks. The indexes are calculated assuming a defined leverage multiple, either long or short, which is then applied to the underlying reference index. The leverage is reset daily.
Sudir Raju, Managing Director ETP Relationships, EMEA, FTSE Russell: “FTSE Russell has a strong track record of constructing China focused indexes, and we are pleased that ETF Securities has chosen to license the newly developed FTSE China 50 Short and Leveraged for its Italian listed products. Market participants around the world continue to select FTSE Russell benchmarks for ETFs due to their innovative design, transparent methodology and strong governance.”