New Listing

WisdomTree debuts leveraged CAC 40 and Euro Stoxx banks ETPs

The launches extend the firm’s range to 112 S&L ETPs

Jamie Gordon

Pierre Debru, WisdomTree

WisdomTree has expanded its suite of short and leveraged (S&L) exchange-traded products (ETPs) to offer amplified long and inverse exposure to CAC 40 and European bank equities.

The WisdomTree CAC 40 3x Daily Leveraged (3CAC) and WisdomTree CAC 40 3x Daily Short (3CAS) are listed on Euronext Paris and the Deutsche Boerse with management expense ratios (MERs) of 0.75% and 0.80%, respectively.

The two ETPs offer exposure to the CAC 40, a market cap-weighted index of the 40 largest companies listed on the Euronext Paris exchange.

The WisdomTree Euro STOXX Banks 3x Daily Short (3BAS) is listed on the London Stock Exchange, Deutsche Boerse and Borsa Italiana with an MER of 0.89%.

The ETP offers inverse exposure to the Euro STOXX Banks index of more than 20 banking companies including BNP Paribas, Santander and ING.

3CAC, 3CAS and 3BAS also carry estimated annual transaction costs of 0.50%, 1% and 0.20%, respectively.

Pierre Debru (pictured), head of quantitative research and multi-asset solutions, Europe, at WisdomTree, commented: “In the current economic landscape, investors need an extensive range of tools to navigate financial markets, whether that is to magnify daily returns, hedge positions or to deploy more sophisticated strategies.

“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 new launches come after the firm shut its euro aggregate bond ESG, government bond ESG and EU bond ETFs in July amid low demand.

A month earlier it expanded its thematic ETF range with the launch of the WisdomTree Renewable Energy UCITS ETF (WRNW).

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