SG: delta one trackers are moving beyond traditional pure index exposure

Société Générale’s public distribution business includes the offering of two main types of listed products. On one hand it offers leveraged instruments such as turbo warrants, covered warrants or factor certificates; these instruments offer leveraged exposure to the performance of an underlying and constitute the vast majority of the volumes traded by our clients in Europe.  Our client base is mostly composed of what the market calls self-directed retail