WisdomTree EURO STOXX 50 3x Daily Short (3LES)

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https://oci-global.com

WisdomTree EURO STOXX 50 3x Daily Short is a fully collateralised, UCITS eligible Exchange-Traded Product designed to provide leveraged short exposure to the EURO STOXX 50 index. It tracks the EURO STOXX 50 Daily Short 3 EUR Gross Return Index, delivering three times the inverse of the index's daily performance, adjusted for fees and shorting costs. For instance, a 1% daily decline in the EURO STOXX 50 would result in approximately a 3% gain for the ETP, excluding fees, while a 1% rise would lead to a 3% loss. Issued by WisdomTree Multi Asset Issuer PLC and domiciled in Ireland, the product uses a fully collateralised swap replication method, with collateral held by Bank of New York Mellon in segregated accounts. This structure ensures over-collateralisation for counterparty risk mitigation. The ETP employs daily rebalancing to maintain its -3x leverage factor, making it suitable for sophisticated investors seeking short-term tactical positions on European blue-chip equities represented in the EURO STOXX 50. It supports various tax wrappers like ISAs and SIPPs, and is created and redeemed on demand by authorised participants.