Daily leverage certificates (DLC) have capitalised on the divergent performances of two different sectors – financials and telecommunications – during the trade war escalation in May to June period, according to the Singapore Exchange (SGX).

Investors using long/short DLCsto capture some of the market’s short-term trends with a leverage exposure and reduced capital outlay during the first six months of the year received hefty returns, according to the exchange. ‘An investor who had bought the 5x Long SingTel DLC and 5x Short DBS DLC on 30 April 2019 and held them for two months would have gained 37.2%,’ said Geoff Howie ( pictured ), market strategist at SGX in a report. ‘Investors only need to put up a capi

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