The Vienna Stock Exchange (Wiener Boerse - VSE) has expanded its existing range of indices with the launch of two new leverage indices on the Austrian ATX Index.

The indices, which have a multiplying factorof 12 and 15, respectively, are based on the ATX Net Total Return and take into account the net dividends of the index constituents. SRP spoke to Michael Stelzhammer, index manager, VSE, who gave us the lowdown on the new indices. Could you explain how the indices work? Leverage indices are bound to the development of a reference index by representing its daily development with a fixed leverage. Negative or positive daily variations of the reference

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