Lyxor has launched a new leveraged exchange-traded fund (ETF), Mondovisione reports. The Lyxor ETF Daily Leveraged Bund allows investors to join the performance of the SGI Daily Leveraged Bund Index.
The index accounts for twice the performance of German government bonds with an average maturity of 10 years. The new portfolio started trading on Xetra from June 7, 2011. Lyxor is a French investment firm and is a wholly owned unit of Société Générale.
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