BME expands its indices series with a new family of strategy indices on stocks. Precisely, 16 leverage and short strategy indices will be created with factor 3 and 5 and based on the listed stocks: BBVA, Inditex, Santander and Telefónica.
The new indices will start to be calculated and disseminated in real time from April 12th.
The Stock Leverage X3 and X5 Indices offer a three and five times exposure, respectively, to the underlying stock. A positive daily return on the underlying stock yields an also positive return, but multiplied three or five times and vice versa, if we refer to a daily calculation basis. The new indices will be:
Index BBVA Leverage X3 Index BBVA Leverage X5
Index ITX Leverage X3 Index ITX Leverage X5
Index SAN Leverage X3 Index SAN Leverage X5
Index TEF Leverage X3 Index TEF Leverage X5
The Stock Short X3 and X5 Indices are linked to a multiplied (by three or five times) performance of the underlying stock in the opposite direction, so, a negative yield of the underlying stock will return a three or five times positive yield in the index, respectively, and vice versa, if we refer to a daily calculation basis. These new indices will be:
Index BBVA Short X3 Index BBVA Short X5
Index ITX Short X3 Index ITX Short X5
Index SAN Short X3 Index SAN Short X5
Index TEF Short X3 Index TEF Short X5
These new indices are intended to be used as underlying assets for financial products, such as warrants, certificates, Exchange-Traded Funds (ETFs). The new indices will provide investors with a broad range of investment strategies.
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