SGAM Alternative Investments, a subsidiary of Societe Generale Asset Management, launched two new ETFs designed to obtain a reverse exposure to the CAC 40 index on Euronext Paris.
The SGAM ETF Beat CAC 40 offers reverse exposure of 100 percent to the CAC 40 Total Return Index. Both enhanced by a monetary return, the SGAM ETF XBear CAC 40 offers reverse exposure of up to 200 percent. The reverse exposure can be modified. On the launch date, the reverse exposure to the index was fixed at 75 percent for the Bear ETF and 175 percent for the XBear ETF.
The investment in the ETFs offers reduced cost because the funds do not charge extra fees.