#SaxoStrats: Long Credit Agricole, short ING
ING has outperformed Credit Agricole recently and is viewed more favourably by analysts . The spread, however, between these two equities has widened too much in our view, so we look to capture any mean reversion by buying Credit Agricole and selling short ING.
Entry: Go long one ACA:xpar for every short position in ING:xams.
Time horizon: 20 days.
— Edited by Michael McKenna