Dow Jones EURO STOXX 50 Short Index and the Dow Jones EURO STOXX 50 Leveraged Index have been licensed to Crdit Agricole Structured Asset Management to serve as underlying for exchange-traded funds (ETFs). The CASAM ETF Leveraged Dow Jones EURO STOXX 50 and CASAM ETF Short Dow Jones EURO STOXX 50 will be available on NYSE Euronext, Paris from now on.
The Dow Jones EURO STOXX 50 Short and the Dow Jones EURO STOXX 50 Leveraged indexes are part of the Dow Jones STOXX Strategy Index family. They replicate a short and a leveraged investment strategy, which is tied to the performance of the Dow Jones EURO STOXX 50 Index.
“Both indexes licensed by CASAM represent investment strategies whose access was in the past limited to market participants transacting in the over-the-counter market. These indexes provide benchmarks that make these strategies more accessible with the added advantage of a rules-based and transparent methodology,” says Ricardo Manrique, chief executive officer, STOXX Ltd.
“The Dow Jones EURO STOXX 50 Short Index is a superior tool for market participants who seek to obtain positive returns in bearish markets, while the Dow Jones EURO STOXX 50 Leveraged Index provides the opportunity to increase returns in upward markets.”
“By licensing the Dow Jones EURO STOXX 50 Short and Dow Jones EURO STOXX 50 Leveraged indexes for our new equity strategy products, we are adding a new dimension to the CASAM ETF portfolio,” says Valrie Baudson, managing director of CASAM ETF.
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