Warsaw targets structured products with new index

The Wig20 tracks the value of the 20 largest Polish blue-chip stocks weighted by market capitalisation, with Bank Pekao, the Unicredit subsidiary, the largest individual component. The index has lost 38% from its level 12 months ago.

WSE is hoping that the launch of the Wig20 short will attract structured products providers to use the index as an underlying, explains Tomasz Wiœniewski, the deputy director of WSE's Information Products Department. A certificate is already listed on the exchange wh