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Main characteristics

Bloomberg Code SGIXCRLE
Inception Date 08/05/2012
Return Type Excess Return
Currency EUR
CALCULATED_BY S&P Dow Jones

Objective

The SGI Coral Index aims to generate stable returns from investments in the largest European single stocks under various equity market conditions, with a significantly lower volatility vs. traditional equity investments.
The SGI Coral is the equally-weighted basket of three complementary systematic strategies: momentum, contrarian and mean reversion.

Mechanism

The SGI Coral Index is the equally weighted basket of three strategies investing daily in each of the 50 largest European stocks:

  • A core strategy: the SGI Strategic Long Index (Momentum) which is designed to benefit from upward trends while mitigating the impact of a bear market.
  • Two overlay strategies: the SGI Tactical Short Index (Contrarian) which is a short strategy designed to perform as an efficient overlay in volatile bear markets and the SGI Tactical Neutral Index (Mean Reversion) which is a market neutral strategy designed to benefit opportunisticly from temporary dislocations, whatever the market trend.

The SGI Coral (EUR - ER) (The “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index.
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