Societe Generale launches 74 inverse and leveraged ETPs on LSE

May 3rd, 2018 | By | Category: Alternatives / Multi-Asset

THEMATIC INVESTING - WEDNESDAY 29TH JUNE 2022 (08:15-11:30) - THE BILTMORE MAYFAIR, LONDON Please join us for our annual thematic investing breakfast briefing with participation from MSCI, WisdomTree, KraneShares, ETC Group / HANetf, and Global X. Please register now if you would like to attend.


Societe Generale has launched a series of 74 inverse and leveraged ETPs on London Stock Exchange. The product suite provides investors with leveraged daily long and short exposures to commodities, currency pairs and mainstream equity indices.

Societe Generale has launched a series of inverse and leveraged ETPs on London Stock Exchange (LSE).

Societe Generale has launched a series of inverse and leveraged ETPs on London Stock Exchange.

Zak de Mariveles, managing director and head of UK IFA sales, Societe Generale, commented, “With over £2.8bn traded over the London Stock Exchange last year, leveraged ETPs are a popular way to gain leverage to a wide range of popular underlyers.

“Societe Generale benefits from a solid expertise in providing ETPs across Europe. By broadening our offering in the UK, we look forward to providing sophisticated retail and professional investors that seek to gain leverage within their portfolios with an even greater choice and flexibility.”

The 38 commodity-based products track the daily price movements of natural gas, WTI oil, copper, silver and gold, and come with leverage factors of 2X, 3X and 5X for each underlying exposure. The ETPs mainly trade in USD although the 5X leverage exposures are available in both USD and GBP.

The 12 currency-based launches allow investors to take leveraged long or short positions on the dollar versus the euro, pound sterling or yen. The ETPs, which trade in USD, include 3X and 5X leverage factors for each currency pair.

The remaining 24 ETPs offer daily leveraged long and short exposures to the FTSE 100, Dax, Euro Stoxx 50 and S&P 500 indices. The funds come with a mix of 2X, 3X and 5X leverage factors, and are available in a mix of USD, GBP and EUR trading currencies.

Societe Generale’s extensive range of new ETPs brings competition to a space that was previously dominated by WisdomTree and ETF Securities—which has now been bought by WisdomTree.

WisdomTree’s “Boost” ETP range offers daily leveraged long and short exposures to similar underlying investments as Societe Generale, but also to several other tradeable commodities, including Brent Crude oil and palladium, and to equity indices such as the FTSE Mib, Nasdaq, Topix and MSCI Emerging Markets Index. WisdomTree’s range also allows investors to take leveraged trades on the VIX Volatility Index and fixed income instruments such Gilts, Treasuries and German Bunds.

ETF Securities, now owned by WisdomTree, offer an extensive range of similar products themselves, with several more commodity offerings, including short and leveraged exposures to corn, cocoa, coffee and aluminium. ETFS also offer products for the CAC and FTSE China equity indices, as well as several euro-traded currency pairs.

Inverse and leveraged funds provide an efficient means for sophisticated traders to obtain tactical exposures; however, they are generally considered unsuitable for retail investors who may not fully understand the risks involved.

The funds tend to decay in value if held for an extended period of time, potentially leading to significant losses especially in volatile but range-bound markets. This characteristic generally increases with the degree of leverage involved. Gains and losses are compounded over periods of more than one trading day, and as such will deviate from the leveraged performance of the underlying asset.

The full list of Societe Generale’s latest ETP launches is outlined below:

Commodity ETPs:

SG Natural Gas X5 Daily Long (SG20 LN)
Sg Natural Gas X5 Daily Short (SG21 LN)
Sg Natural Gas X2 Daily Long (SG22 LN)
SG Natural Gas X2 Daily Short (SG23 LN)
SG Natural Gas X3 Daily Long (SG24 LN)
SG Natural Gas X3 Daily Short (SG25 LN)
SG Natural Gas X5 Daily Long (SG26 LN)
SG Natural Gas X5 Daily Short (SG27 LN)
SG WTI X5 Daily Long (Sg28 LN)
SG WTI X5 Daily Short (SG29 LN)
SG WTI X2 Daily Long (SG30 LN)
SG WTI X2 Daily Short (SG31 LN)
SG WTI X3 Daily Long (SG32 LN)
SG WTI X3 Daily Short (SG33 LN)
SG WTI X5 Daily Long (SG34 LN)
SG WTI X5 Daily Short (SG35 LN)
SG Copper X2 Daily Long (SG36 LN)
SG Copper X2 Daily Short (SG37 LN)
SG Copper X3 Daily Long (SG38 LN)
SG Copper X3 Daily Short (SG39 LN)
SG Copper X5 Daily Long (SG40 LN)
SG Copper X5 Daily Short (SG41 LN)
SG Gold X5 Daily Long (SG42 LN)
SG Gold X5 Daily Short (SG43 LN)
SG Gold X2 Daily Long (SG44 LN)
SG Gold X2 Daily Short (SG45 LN)
SG Gold X3 Daily Long (SG46 LN)
SG Gold X3 Daily Short (SG47 LN)
SG Gold X5 Daily Long (SG48 LN)
SG Gold X5 Daily Short (SG49 LN)
SG Silver X5 Daily Long (SG50 LN)
SG Silver X5 Daily Short (SG51 LN)
SG Silver X2 Daily Long (SG52 LN)
SG Silver X2 Daily Short (SG53 LN)
SG Silver X3 Daily Long (SG54 LN)
SG Silver X3 Daily Short (SG55 LN)
SG Silver X5 Daily Long (SG56 LN)
SG Silver X5 Daily Short (SG57 LN)

Currency pair ETPs:

SG EURUSD X3 Daily Long (SG58 LN)
SG EURUSD X3 Daily Short (SG59 LN)
SG EURUSD X5 Daily Long (SG60 LN)
SG EURUSD X5 Daily Short (SG61 LN)
SG GBPUSD X3 Daily Long (SG62 LN)
SG GBPUSD X3 Daily Short (SG63 LN)
SG GBPUSD X5 Daily Long (SG64 LN)
SG GBPUSD X5 Daily Short (SG65 LN)
SG JPYUSD X3 Daily Long (SG66 LN)
SG JPYUSD X3 Daily Short (SG67 LN)
SG JPYUSD X5 Daily Long (SG68 LN)
SG JPYUSD X5 Daily Short (SG69 LN)
SG Euro Stoxx X3 Daily Long (SG70 LN)
SG Euro Stoxx X3 Daily Short (SG71 LN)
SG Euro Stoxx X5 Daily Long (SG72 LN)
SG Euro Stoxx X5 Daily Short (SG73 LN)
SG Euro Stoxx X5 Daily Long (SG74 LN)
SG Euro Stoxx X5 Daily Short (SG75 LN)

Index ETPs:

SG Dax X5 Daily Long (SG76 LN)
SG Dax X5 Daily Short (SG77 LN)
SG Dax X3 Daily Long (SG78 LN)
SG Dax X3 Daily Short (SG79 LN)
SG Dax X5 Daily Long (SG80 LN)
SG Dax X5 Daily Short (SG81 LN)
SG FTSE X2 Daily Long (SG82 LN)
SG FTSE X2 Daily Short (SG83 LN)
SG FTSE X3 Daily Long (SG84 LN)
SG FTSE X3 Daily Short (SG85 LN)
SG FTSE X5 Daily Long (SG86 LN)
SG FTSE X5 Daily Short (SG87 LN)
SG S&P X5 Daily Long (SG88 LN)
SG S&P X5 Daily Short (SG89 LN)
SG S&P X3 Daily Long (SG90 LN)
SG S&P X3 Daily Short (SG91 LN)
SG S&P x5 Daily Long (SG92 LN)
SG S&P x5 Daily Short (SG93 LN)

Tags: , , , , , , , , , , ,

Leave a Comment