Four new Green trackers from SocGen

SocGen has just kicked off its new listed structured product programme with four new 'Green' trackers that follow everything from uranium through to solar power.

SocGen is gearing up to launch a series of these tracker notes - effectively structured products that act like ETFs but are actually structured as secured notes on an index. Further info: www.sgindex.com.

This web site also hints at a broader ambition by SocGen - to issue a massive range of funds that will take everything from hedging strategies to investing in defense companies. If you look through the list you'll see some very interesting potential funds, most notably an index that covers the call writing options strategy on the S&P500 which I think would be a huge innovation. There's also interesting strategies that target the global super rich and the golden oldies demographic; although some of the indices used to track these changes strike me as a little off the beaten track to put it mildly. Still full marks for imaginative ideas