Boost ETP launches 3x short and 3x leverage ETPs in Germany
Short and leverage (S&L) exchange-traded product (ETP) specialist Boost ETP has listed four S&L ETPs on Deutche Boerse’s Xetra for the first time.
This brings Boost ETP’s product range to a total of 68 listings on the London Stock Exchange, Borsa Italiana and Xetra.
The new products are linked to indices in the LevDAX, ShortDAX and Euro Stoxx 50 index families and enable investors to participate in the performance of rising or falling share prices with a leverage factor of three.
"We are happy to welcome Boost ETP as new issuer to our exchange-traded notes segment. With Boost ETP's new product range, investors will benefit from expanded trading opportunities in leveraged financial instruments on stock indices," says Martin Reck, managing director cash market at Deutsche Börse.
The Boost LevDAX 3x Daily ETP and Boost Euro Stoxx 50 3x Leverage Daily ETP replicate the daily percentage performance of the DAX and Euro Stoxx 50, respectively, with a leverage factor of three. In contrast, the Boost ShortDAX 3x Daily ETP and Boost Euro Stoxx 50 3x Short Daily ETP provide market participants with access to the inverse daily percentage performance of the two indices with the same leverage factor.
Hector McNeil, co-chief executive of Boost ETP, a WisdomTree company, says: “Boost is very proud to be listing four new ETNs on Xetra today. Short and leverage exchange traded products can be useful tools and currently the global AUM in short and leverage ETPs stands at USD60 billion. Having already assisted with the launch of short and leverage ETCs in Germany in the past, we look forward to continuing our relationship with the German market.”
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