Société Générale Asset Management launches three ETFs on Borsa Italiana

SGAM Alternative Investments (SGAM AI) has launched three ETFs linked to the S&P MIB index traded on the Borsa Italiana. Two of the ETFs offer a bear strategy, providing reverse exposure to the variation of the S&P MIB and are the first bear ETFs launched on this index.

The SGAM ETF Bear S&P MIB offers up to 100% reverse exposure to the S&P MIB Total Return index, while the SGAM ETF XBear S&P MIB offers up to 200% reverse exposure to the same index. The performance will be enhanced by a monetary market return, which can potentially reach twice the EONIA (Euro OverNight Index Average) interest rate for the SGAM ETF Bear and three times EONIA for SGAM ETF XBear.

These ETFs are targeted at institutional investors who do not want to use futures to establish a bear