Credit Suisse Launches Hedge Fund ETN (CSLS)
Tuesday, February 23, 2010 : PermalinkETFdb – Credit Suisse, one of the world’s largest financial services providers, announced Monday the launch of the Credit Suisse Long/Short Liquid Index (Net) ETN, a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index. But the new ETN achieves hedge fund-like exposure in a unique manner.
The index to which CSLS is actually linked, the Credit Suisse Long/Short Liquid Index, is designed to reflect the return of a basket of 18 liquid, investable market factors. These factors are then selected and weighted monthly in accordance with an algorithm that aims to track the performance of the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index.
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