Société Générale has partnered with Parkstone Asset Management to launch an exchange-traded note (ETN), Risk.net reports. SocGen has listed the world’s first actively managed ETN on the London Stock Exchange. The U.K. Managed Alpha Tracker is managed by Parkstone and is based on four asset classes, U.K. equities, gilts, commodities and cash. The asset classes are accessed through the FTSE 100 Total Return Index, Lyxor ETF £ Gilt, Lyxor ETF CRB and cash on deposits, respectively.
Click here for the story from Risk.net.