| The new ETF on the IBEX 35 SHORT to start trading on July 16th |
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13/07/2009 15:14 (943 Day 17:18 minutes ago) | |||||
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The FINANCIAL -- The Spanish stock exchange will start trading the new exchange-traded fund (ETF) Lyxor ETF IBEX 35 SHORT, a new ETF issued by Lyxor Asset Management, on July 16th. With this new issue, the Spanish market’s ETF segment will comprise 32 funds.
The IBEX 35 SHORT index tracks the daily changes in the IBEX 35 CON DIVIDENDOS in the opposite direction, that is, if on a trading session the return on IBEX 35 CON DIVIDENDOS is negative, the return on IBEX 35 SHORT on the same trading session will be positive in a similar proportion.
This new ETF on the IBEX 35 SHORT, whose trading code will be INVEX, makes it available to all types of investors an easy and accessible way to achieve positive returns when stock prices decrease. The initiative is intended to facilitate the diversification and coverage of investment portfolios for retail and institutional investors.
Exchange traded funds (ETFs) are fund-share hybrid investment vehicles that combine the best of both worlds in a single stock exchange transaction: the diversification of a fund’s portfolio and the flexibility that share trading offers.
The number of trades on the ETF segment in June was up 105% from the same month a year earlier. In the first six months of the year the number of trades was up 85% from the same period in 2008. The trading volume on this segment in June came in at €480.45 million and in the six months of the year it totalled €1.51 billion.
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