LONDON, June 24, 2011 /PRNewswire/ --
WorldSpreads are pleased to be able to offer our spread betting clients the ability to spread bet on a range of sectors based on stocks in the FTSE350 Index.
Sector Bets are a great way to take a view on an entire industry by giving spread bettors exposure to a basket of underlying shares in a particular sector.
Sectors are groups of companies that are all operating within the same industry.
Companies such as HSBC, Barclays, Lloyds and RBS would all come under the UK Banking sector and are subject to the same economic pressures and general trading conditions as each other.
Even when an industry is performing well, some companies within the sector can under-perform and Sector Bets are an effective way of diversifying this stock specific risk.
For example, if you think that the current economic outlook is going to be generally positive for the Retail sector, but do not know which particular retail stock to buy, you could go long on the WorldSpreads UK Retail Sector and gain exposure to a group of leading companies in the retail sector.
The addition of Sectors to the WorldSpreads platform is another step forward in improving our client's trading experience. Improvements have also been made to our dealing ticket, with an easier to understand price display, extra decimal places for our FX prices and removal of the countdown timer.
UK Sectors offered on the WorldSpreads Dealing Platform:
- Aerospace & Defence
- Banks
- Beverages
- Chemicals
- Construction & Materials
- Electricity
- Fixed Line Telecoms
- Food
- Food & Drug Retailers
- Gas, Water & Multi Utilities
- General Industries
- General Retail
- Health Care Equipment & Services
- Household Goods & Home Construction
- Industrial Engineering
- Life Insurance
- Media
- Mining
- Mobile Telecoms
- Non Life Insurance
- Oil & Gas Production
- Personal Goods
- Pharmaceuticals & Biotechnology
- Real Estate Investment Services
- Real Estate Investment Trust
- Software & Computer Services
- Support Services
- Tech Hardware & Equipment
- Tobacco
- Travel & Leisure
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a fast growing financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting products on the financial markets to retail clients from its website http://www.worldspreads.com/.
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority. It offers a full range of spread betting prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.
The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's IEX market in May 2008.
Spread Betting is a leveraged product. It carries a high level of risk to your capital and, as it is possible to lose more than your initial investment, it may not be suitable for all investors. Therefore, ensure you understand the risks involved and seek independent advice if necessary.
SOURCE WorldSpreads UK
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