Societe Generale Launches First Gold and Silver-Linked Leveraged & Inverse Certificates on SGX
Societe Generale has listed a new series of Daily Leverage Certificates (DLCs) on the Singapore Exchange (SGX), offering investors leveraged and inverse exposure to gold and silver for the first time on SGX.
These new DLCs1 track the SPDR™ Gold Shares (GLD) and iShares Silver Trust (SLV) ETFs and are available for trading on the SGX Securities market from today. This listing makes Societe Generale the only Leveraged & Inverse (L&I) Exchange Traded Product (ETP) issuer in Singapore to offer directional exposure to both gold and silver.
The current volatility of gold and silver markets allow investors to take positions in both rising and falling markets. By referencing GLD and SLV — the largest and most liquid gold and silver ETFs globally2 — these DLCs offer Singapore investors3 a transparent and accessible way to track the performance of each underlying precious metal, with the flexibility to express both bullish and bearish views.
Marcus Ng, Cross Asset Listed Distribution, Societe Generale, said: “Gold and silver have continued to attract investor interest, particularly in more volatile market conditions. These listings bring leveraged and inverse exposure to both metals onto SGX for the first time, expanding the range of exchange-traded instruments available to Singapore investors to express directional views within a transparent, listed format.”
Soh Yee Fei, Head of Products and Intermediaries, SGX Group, said: “The launch of these DLCs marks a key milestone in SGX’s efforts to build a more dynamic and diverse products ecosystem. As our investor base becomes more sophisticated and more international investors choose Singapore as their hub, we are seeing increasing demand for a broader and more innovative suite of products. Societe Generale has been a valued partner in meeting these evolving needs, and we look forward to further expanding our collaboration.”
Societe Generale's DLC portfolio has grown to more than 200 leveraged and inverse products listed on SGX, tracking Singapore, Hong Kong and U.S. equity indices and single stocks. The listing of Gold and Silver DLCs marks a further expansion into commodity underlyings, representing Asia’s highest-leverage Gold and Silver L&I ETPs, with the Silver DLCs also among the few Silver-linked L&I ETPs available to investors in Asia.
This latest listing follows the successful launch of U.S. Stock DLCs linked to the Magnificent Seven in 2024, and the subsequent expansion to additional U.S. single-stock names including Micron, Palantir and Netflix. The addition of U.S.-listed ETFs such as GLD and SLV represents a natural progression in Societe Generale's strategy to broaden investor access to global markets through SGX-listed products. With growing retail investor appetite for leveraged and inverse exposure across asset classes, Societe Generale's DLC suite — spanning diverse underlyings, multiple leverage factors and strong liquidity provision — is well positioned to meet rising demand.
For more information on Societe Generale’s DLC range, please visit dlc.socgen.com.
Appendix: Gold & Silver Daily Leverage Certificates – Key Details
Underlying | Trading Code | Trading Name | Leverage Factor | Type |
SPDR™ Gold Shares (U.S.) | GLDW | GLD US 5xLongSG280609 | 5x | Leveraged |
GOSW | GLD US 5xShortSG280609 | -5x | Inverse | |
iShares Silver Trust | SLSW | SLV 3xLongSG280609 | 3x | Leveraged |
SVSW | SLV 3xShortSG280609 | -3x | Inverse |
DISCLAIMER
This media alert has not been reviewed by the Monetary Authority of Singapore. This media alert is distributed by Societe Generale, Singapore Branch. This media alert does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for Specified Investment Products (SIP) qualified investors only.
1. A DLC is an exchange traded financial product that offers fixed daily leveraged exposure to an underlying asset, such as an index or a stock. Investors can trade long or short DLCs to capitalise on short-term market up or down moves.
2. Measured by AUM (Assets Under Management) and average daily trading volume as of 16 June 2026.
3. DLCs are designated as Specified Investment Products (SIP). Investors should possess either a high level of investment knowledge or experience before transacting in DLCs.
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