Wed, 30/04/2014 - 12:01
Assets under management (AUM) at Boost ETP have reached a record high of USD101 million, passing the USD100 million mark for the first time.
Overall, Boost’s AUM rose 17 per cent in April, 140 per cent YTD and 538 per cent over the past year.
Boost’s co-chief executive Nik Bienkowski says: “Only two weeks ago, Boost ETP was acquired by WisdomTree Investments, the fifth largest US ETF issuer, as part of a well-funded European expansion plan. This week, we are proud to announce our AUM has exceeded the USD100 million mark. Boost has been experiencing phenomenal growth and receiving fantastic support from investors and the industry. Over the past 12 months, our AUM has risen 538 per cent and trading volumes have shot up to more than 80 times their level 12 months ago. With Boost having reached USD101 million in AUM, and with the recent landmark deal with WisdomTree Investments we have proven that we are here to stay, we are not looking back, and we will continue to maintain our independence and innovate for the investor.
“Boost’s AUM is rising as we see investors asking not only for tactical tools to express their directional view, but also for effective hedging which allows them to preserve capital. Boost’s products traded over USD200 million in March, with tightened spreads and increased order flow across our product range. Investors are showing they understand the versatility of short & leveraged ETPs, and how to use them to add value in any market environment.”
Since the start of 2014, Boost ETP has seen USD61 million of net inflows. While inflows into Boost’s equity ETPs (USD20 million) have been mixed into both S&L ETPs, inflows into Boost’s ETCs (USD41 million) have not been divided. ETPs providing short exposure to natural gas (3NGS & 2NGS), long exposure to silver (3SIL & 2SIL) and long exposure to oil (3OIL) have seen overwhelmingly more inflows than the opposite exposures. With USD28 million of net inflows YTD, Boost Natural Gas 3x Short Daily ETP (3NGS) received nearly half of Boost ETP’s total inflow in 2014.
Boost’s head of research Viktor Nossek says: “The latest push over the USD100 million AUM barrier comes as our investors reiterate their bearishness with respect to natural gas. As the colder than usual temperatures stretch for longer than expected in the US, we have seen our investors position themselves for a fall in natural gas prices with flows into Boost Natural Gas 3x Short Daily ETP (3NGS) and out of Boost Natural Gas 3x Leverage Daily ETP (3NGL). This is consistent with what we have been seeing in short & leveraged ETPs globally since March 2014, and it will be interesting to see how the commodity fares over the coming month.”
Investors are increasingly using S&L ETPs for a variety of reasons. There is wider product availability, greater product knowledge from improved educational resources, and increased demand for hedging tools and leveraged instruments available. There is also a move towards independent, transparent and exchange traded instruments such as ETFs and ETPs. As a result of this increased usage and interest in S&L ETPs, Boost recently launched a monthly Global Short & Leverage ETF / ETP Report and a Short & Leverage ETF / ETP Advisor Tool Kit.
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