WisdomTree has unveiled three ETPs for European investors, covering French equities and banks, including the exclusive 3x short and leveraged CAC 40 ETPs.
The asset manager said the three ETPs are part of the firm’s $1.8 billion ETP range with 112 variants.
The WisdomTree CAC 40 3x Daily Leveraged (3CAC) and WisdomTree CAC 40 3x Daily Short (3CAS) are listed on Börse Xetra and Euronext Paris, with management fees of 0.75% and 0.80%.
The WisdomTree EURO STOXX Banks 3x Daily Short (3BAS) is on the London Stock Exchange, Börse Xetra and Borsa Italiana, with a 0.89% fee.
Pierre Debru, head of quantitative research and multi-asset solutions, Europe, WisdomTree, said: “Tactical exposures through short and leveraged ETPs can play a complementary role to long-term strategic holdings, allowing investors to express high conviction views and take advantage of market dislocations quickly and efficiently.”
The potential returns and losses from a leveraged position will be greater than the equivalent unleveraged position. Debru that the daily leverage and effects of compounding mean short and leveraged ETPs are unsuitable for passive investors and designed for tactical and short-term trading with a one-day recommended holding period.
The ETPs are registered for sale in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and the UK.
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