London Stock Exchange

Boost lists eight leveraged European and US equities ETFs on the LSE

Fri, 14/12/2012 - 16:02

Boost ETP has listed eight new exchange-traded products on the London Stock Exchange (LSE).

This brings Boost’s product line-up to ten ETPs, providing 3x leveraged and 3x short exposure to the markets that European investors follow the most: Europe, UK, Germany and the US.
 
Boost’s new ETPs track a range of indices provided by Nasdaq, Russell, Euro Stoxx and DAX.
 
The new ETPs listed are:
 
Boost LevDAX 3x Daily ETP (3DEL)
Boost ShortDAX 3x Daily ETP (3DES)
Boost Euro Stoxx 50 3x Leverage Daily ETP (3EUL)
Boost Euro Stoxx 50 3x Short Daily ETP (3EUS)
Boost Nasdaq 100 3x Leverage Daily ETP (QQQ3)
Boost Nasdaq 100 3x Short Daily ETP (QQQS)
Boost Russell 1000 3x Leverage Daily ETP (3USL)
Boost Russell 1000 3x Short Daily ETP (3USS)
 
The eight ETPs are designed to return 3x the daily movement, long or short, of the relevant benchmark index. For example, if the DAX rises by one per cent on a particular day, then 3DEL will rise by three per cent and 3DES will fall by three per cent. However, if the DAX falls by one per cent then 3DEL will fall by three per cent and 3DES will rise by three per cent (less fees and adjustments).
 
Nik Bienkowski, co-chief executive at Boost ETP, says: “We are very excited at being able to offer a strong initial product offering. The new ETPs bring Boost’s offering to a total of ten 3x leveraged and 3x short ETPs within the first week.  The new ETPs provide access to some of the most liquid and widely followed European and US equity market benchmarks. Boost’s goal is to provide a comprehensive platform, allowing investors to take advantage of a wide variety of trading and hedging opportunities as they occur, by using an ETP.”


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