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Euronext is rounding out its index offering with covered call and
protective put strategy indices, available from 19 June 2007.
- Covered call
indices track the performance of a strategy that combines taking a long
position in the index with the sale of an out of the money call option
on the same index. This offers scope to outperform the index in a
context of downward to moderately upward market trends with reduced
volatility.
- Protective put
indices track the performance of a strategy that combines taking a long
position in the index with the purchase of an out of the money put option.
This gives investors exposure to the index while at the same covering
them against the risk of a significant downturn in the market.
The launch of these new indices reflects Euronext's continuing
commitment to providing investors, asset managers and structured products issuers with effective
tools that match their needs and market trends.
More specifically, Euronext will be offering four new indices, two
based on the CAC 40® and two on the AEX®: the CAC 40® Covered Call and
CAC 40® Protective Put and the AEX® Covered Call and AEX® Protective
Put.
These indices will be calculated continuously from 9 a.m. to 5.35 p.m.
CET. The index base values are 100 at 30 December 1999 and historical
data are available from that date.
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| New indices |
| Covered Call and Protective Put indices | Codes |
| QS0011054309 |
CAC 40 Covered Call |
CAC 40 Cov Call |
CACCC |
Reuters(.CACCC), Bloomberg(CACCC Index) |
| QS0011054333 |
CAC 40 Protective Put |
CAC 40 Prot Put |
CACPP |
Reuters(.CACPP), Bloomberg(CACPP Index) |
| QS0011054325 |
AEX Covered Call |
AEX Cov Call |
AEXCC |
Reuters(.AEXCC), Bloomberg(AEXCC Index) |
| QS0011054341 |
AEX Protective Put |
AEX Prot Put |
AEXPP |
Reuters (.AEXPP), Bloomberg (AEXPP Index) |
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| Information |
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| Factsheet (EN) |
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| Covered Call indices |
Protective Put indices |
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| Downloads |
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| Contact |
| Email : newindices@euronext.com |
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