SGX listing Asia's first Daily Leverage Certs

Singapore

THE Singapore Exchange (SGX) will list Asia's first Daily Leverage Certificates (DLCs) from July 17 as it tries to capture a larger slice of the growing speculative market.

Societe Generale will be the first issuer through the door, offering 10 issues with three or five times leverage on the daily performance of the MSCI Singapore, Hang Seng Index and Hang Seng China Enterprises Index.

Also called constant leverage certificates in some other markets, the p…