BNP Paribas' New EasyETFs Are Available Thanks To Dow Jones

Dow Jones EURO STOXX 50 Double Short and Dow Jones STOXX 600 Double Short indexes have been licensed to BNP Paribas Asset Management to serve as the basis for two exchange traded funds. The EasyETF Euro Stoxx 50 Double Short

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Dow Jones EURO STOXX 50 Double Short and Dow Jones STOXX 600 Double Short indexes have been licensed to BNP Paribas Asset Management to serve as the basis for two exchange-traded funds. The EasyETF Euro Stoxx 50 Double Short and EasyETF DJ Stoxx 600 Double Short will be available on Euronext Paris since 25 February.

The Dow Jones EURO STOXX 50 Double Short Index replicates a double short investment strategy that is inversely linked to twice the performance of the Dow Jones EURO STOXX 50 Total Return Index. A negative performance of the blue-chip index results in twice the positive change in the Dow Jones EURO STOXX 50 Double Short Index, and vice versa.

The Dow Jones STOXX 600 Double Short Index follows the same methodology, but is linked to the performance of the Dow Jones STOXX 600 Index.

“The Dow Jones EURO STOXX 50 Double Short and Dow Jones STOXX 600 Double Short indexes provide a unique and innovative methodology aimed at market participants who seek leveraged upside exposure during a bearish market environment,” says Ricardo Manrique, chief executive officer, STOXX Ltd.

“In other words, if the Dow Jones EURO STOXX 50 is down 5%, the Dow Jones EURO STOXX 50 Double Short will be up 10%, and the same applies to the Dow Jones STOXX 600 Double Short Index.”

“The EasyETF Dow Jones EURO STOXX 50 Double Short and EasyETF Dow Jones STOXX 600 Double Short are UCIT III compliant tools, replicating the transparent, systematic strategies embedded in the Dow Jones EURO STOXX 50 Double Short and Dow Jones STOXX 600 Double Short indexes,” says Daniele Tohm-Adet, head of ETFs and Indexed Funds, BNP Paribas Asset Management.

“The indexes measure exactly twice the performance of the Dow Jones EURO STOXX 50 and Dow Jones STOXX 600 indexes in downside markets not taking into account the effect of the repo.”

L.D.

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