Societe Generale has launched 20 daily leverage certificates (DLCs) on the Singapore Exchange offering exposure to oil and gas, telecommunications, property, technology and financial companies.
The new products comprise of both long and short DLCs with a fixed leverage of up to five-times the daily returns of 10 stocks, which were selected based on investor demand.
This includes Singapore names such as DBS, UOB, OCBC, Singtel, Venture Corporation, and Keppel Corporation, as well as Tencent, Ping An, PetroChina and CNOOC in Hong Kong.
The 20 new DLCs, Societe Generale said, will be listed on the SGX from 7 November, enabling investors to select from a total of 38 DLCs offered by the bank.
‘Societe Generale is expanding its DLC shelf in Singapore for the third time in less than two years, a testament to the growing appeal of DLCs amongst investors,’ said Chan Kum Kong, head of research and product at SGX.
‘DLCs offer investors the opportunity to benefit from both rising and falling markets. With DLCs gaining traction from both retail and institutional participants, we expect the demand for our listed structured products to continue to grow in tandem,’ he added.
DLCs represent $3.5 billion in total turnover for Societe Generale, since their introduction in the third quarter of 2017.