SGAM gests into Italian ETF market

Borsa Italiana welcomes 3 new structured ETFs issued by SGAM INDEX S.A. on the ETFplus market.

SGAM ETF Bear S&P/MIB
The ETF's objective is to achieve reverse upward and downward exposure on the S&P/Mib Total Return index within the maximum limit of 100%.
The exposure is calculated using a multiplier determined by SGAM Alternative Investment S.A. seven business days before the last publication day of the S&P/Mib Total Return index of each quarter (March, June, September, December) and applied on the first business day after this S&P/Mib Total Return index publication date. The multiplier will be between 0.50 and 1.50. Considering the formula, as set out in the prospectus, the exposure achieved will be in the range 50% (minimum level) and 100% (maximum level).

SGAM ETF XBear S&P/MIB
The ETF's objective is to achieve reverse upward and downward exposure on the S&P/Mib Total Return index within the maximum limit of 200%.
The exposure is calculated using a multiplier determined by SGAM Alternative Investment S.A. seven business days before the last publication day of the S&P/Mib Total Return index of each quarter (March, June, September, December) and applied on the first business day after this S&P/Mib Total Return index publication date. The multiplier will be between 1.50 and 2.50. Considering the formula, as set out in the prospectus, the inverse exposure achieved will be in the range 150% (minimum level) and 200% (maximum level).

SGAM ETF Leveraged S&P/MIB
The ETF's objective is to achieve increased upward and downward exposure on the S&P/Mib Total Return index within the maximum limit of 200%.
The exposure is calculated using a multiplier determined by SGAM Alternative Investment S.A. seven business days before the last publication day of the S&P/Mib Total Return index of each quarter (March, June, September, December) and applied on the first business day after this S&P/Mib Total Return index publication date. The multiplier will be between 1.50 and 2.50. Considering the formula, as set out in the prospectus, the leveraged exposure achieved will be in the range 150% (minimum level) and 200% (maximum level).

The total expense ratio of the three ETFs is equal to 0,60%.

Please download the relevant public notice: VISUALIZZA PDF VISUALIZZA PDF