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SGI Double Short Long Gilt Index

Index level: Index level is not available

Main characteristics

Bloomberg Code SGIXDSGI
Inception Date 02/09/2013
Return Type Total Return
Currency GBP
CALCULATED_BY S&P Dow Jones

Objective

The SGI Double Short Long Gilt Index aims to reflect an inverse exposure leveraged to a multiple of 2 (positive or negative) to the daily performance of the GBP Long Term Bond Market while avoiding the costs linked to the use of cash instruments.

Mechanism

Unlike standard bond indices, the SGI Double Short Long Gilt Index seeks to replicate the exposure to bonds through derivative instruments. The SGI Double Short Long Gilt Index includes a short position in a series of LIFFE-NYSE Long Gilt Futures Contracts, leveraged by a multiplication factor of 200% and a long position in a daily overnight investment at GBP Libor Rate.


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