ETFS unveils leveraged range on new European platform

ETF Securities has unveiled a platform of ETFs based on double leveraged and double short European indices. The range comprises four double leveraged ETFs tracking the Dow Jones Euro Stoxx 50, the FTSE 100, the Cac 40 and the Dax indices, along with four double inverse ETFs on the same benchmarks. The ETFs are designed for investors who do not want to use derivatives to create short-term leveraged directional strategies, and can be used to hedge a portfolio or implement strategies, says ETFS. The ETF provider adds that traditional long managers can implement leveraged strategies...