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Main characteristics

Bloomberg Code SGIXWNLS
Inception Date 07/01/2008
Return Type Excess Return
Currency EUR
CALCULATED_BY Standard & Poor's

Objective

SGI WISE NORDICS Long/Short aims to deliver stable returns, with a lower volatility than the Scandinavian  market using long and short positions on the Nordic stocks.Every month, the WISE model computes a score for every Scandinavian stocks that complies with  dynamic market capitalization and liquidity thresholds. This score is based on a set of value and momentum factors that have been selected for their robustness in predicting out performers and underperformers in the past. The top portfolio represents the most attractive quintile of the scoring universe while the bottom portfolio represents the lowest quintile.

Mechanism

The SGI WISE NORDICS uses a systematic mechanism which keeps the risk level of the Index, measured by the historical volatility of the SGI WISE NORDICS Long/Short, close to a predefined target level.
The SGI WISE NORDICS adjusts the allocation of the SGI WISE NORDICS Long/Short. The exposure to the Underlying Index can reach a maximum of 130% of the level of the Index.


The SGI WISE Nordics Long/Short (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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