Societe Generale (SG) active in Italy for over 20 years confirms its attention to constant product innovation and announces two innovations that strengthen its presence on the Italian market.
SG has indeed expanded its range of SG ETCs / ETNs listed on ETFpluswith the launch of 30 new tools, which allow exposure to raw materials and specific topics highly topical such as: metaverse, uranium and hydrogen. At the same time, on the certificates front, SG decided to enter the Turbo segmentthus expanding the range of leveraged instruments that it makes available to traders and investors: the new Turbo certificates will be listed in the next few weeks and will allow SG, already very present on fixed-lever certificates, to oversee the segment of leveraged certificates as well variable.
ETN on four major investment themes
SG is the first issuer to make thematic indices available on Borsa Italiana through ETN and among the most innovative underlyings stand out ETNs on three thematic indiceswhich allow you to take a position on investment ideas anchored to medium / long-term trends such as technology and the search for alternative energy sources: metaverse, uranium, hydrogen. The thematic indices replicated by these ETNs are made by Solactive and are the Solactive Metaverse Select Index CNTR, the Solactive Uranium Mining Index CNTR and the Solactive World Hydrogen Index CNTR.
They are joined by a fourth thematic ETN, which replicates the MIB ESGthe equity index dedicated to blue-chips listed on the Italian Stock Exchange that present the best practices in environmental, social and governance (ESG) matters.
These ETNs do not have a predefined maturity (open-end) and track (before costs, taxes and other charges) the performance of the underlying index. They are products denominated and traded in Euro without hedging the exchange risk deriving from the shares included in the underlying index and denominated in a currency other than the Euro.
ETC sulle commodity
Even the raw material play an important role in the new range: there are 18 listed ETCs that allow you to take a position on Futures on Oil WTI and Brent, on Gold, on Silver and on Copper in a linear waywith different levers long (+ 2x, + 3x) or short (-1x, -3x).
The new issue also covers equity (S & P500 with 3 leverage, long and short), bond (Future on BTP, Bund and US Treasury with 5 leverage, long and short), and is complemented by a linear ETN that replicates the Future on VIX, an indicator of implied volatility.
These products they do not have a predefined deadline (open-end). SG ETC / ETN with fixed leverage, indicatively replicate (gross of costs, taxes and other charges) the daily performance of the underlying multiplied by the positive or negative fixed leverage. The Fixed Leverage is recalculated every day and is valid only intraday and not for periods of time longer than a day (so-called compounding effect). In the event of extreme and adverse market movements, an automatic Intra-day Leverage Adjustment mechanism is envisaged. This mechanism is aimed at preventing the value of the product from becoming negative, however in some market circumstances it does not prevent the value of the product from falling to zero.
ETC and ETN for all tastes
Thanks to this new issue they rise to 46 the ETCs / ETNs of SG listed on the ETFplus, which allow you to take a position on 18 underlyings including indices (thematic or geographic such as FTSE MIB), Futures on raw materials (eg Future on Natural Gas, in addition to the commodities on which the recent issue has focused), Futures bonds and Futures VIX.
Costanza Mannocchi, Head of Exchange Traded Products of Societe Generale in Italy, commented: “Innovation in product structures, search for new underlyings, quality of market making, timeliness in providing tools capable of satisfying specific needs of investors, also allowing them to easily access current / medium-term trends or new investment ideas. These are the four pillars on which SG’s ambition to consolidate and increase its leadership in the field of listed products in Italy rests. On the SeDeX we can already boast a consolidated leadership; in 2021 SG confirmed its leadership for the 7th consecutive year with a share of 31.4% of the negotiated value. On the ETFPlus list, the new range of ETC / ETNs will allow us to expand our presence in a segment of great interest to Italian investors (in 2021, exchanges averaged over € 100M per day), where SG can give an important added value not only thanks to the four pillars mentioned above, but also thanks to its consolidated set-up for the management of quality collateral “.
For more information on SG’s new products, visit the link: https://prodotti.societegenerale.it/