Societe Generale (SocGen) has listed four new daily leverage certificates (DLCs) in gold and silver on the Singapore stock exchange.
The DLCs offer five times leveraged long and short exposure to gold and three times in each direction for silver. They track the SPDR™ Gold Shares (GLD) and iShares Silver Trust (SLV) ETFs respectively and are available for trading on the SGX Securities market.
“Gold and silver have continued to attract investor interest, particularly in more volatile market conditions,” says SocGen VP Marcus Ng. “These listings bring leveraged and inverse exposure to both metals onto SGX for the first time, expanding the range of exchange-traded instruments available to Singapore investors to express directional views within a transparent, listed format.”
SGX head of products and intermediaries Soh Yee Fei says that the launch of the DLCs signifies a “key” milestone in SGX’s efforts to increase its offerings. “As our investor base becomes more sophisticated and more international investors choose Singapore as their hub, we are seeing increasing demand for a broader and more innovative suite of products,” she says. “Societe Generale has been a valued partner in meeting these evolving needs, and we look forward to further expanding our collaboration.”
Investments in DLCs carry significant risks, warns SocGen in its press release which adds that DLCs are for Specified Investment Products (SIP) qualified investors only.
