GraniteShares launches 62 tracker ETPs on Euronext Paris
ETP issuer GraniteShares has continued its expansion in Europe with the launch of 62 trackers ETPs on Euronext Paris.
Investors now have access, in euros and on the Paris Exchange, to 16 ETPs offering long and short daily leveraged exposures (+ 3x and -3x) on the largest individual American stocks: Amazon, Apple, Facebook, Google, Microsoft, NVIDIA, Tesla, and Uber.
A range of long and short daily leveraged ETPs on composite indices of US technology stocks is also available:
• 3x long et short GAFAM, basket composed of Google, Apple, Facebook, Amazon, and Microsoft;
• 3x long et short FAANG, basket composed of Facebook, Apple, Amazon, Netflix, and Google;
• 3x long et short FATANG, basket composed of Facebook, Apple, Tesla, Amazon, Netflix, and Google.
These products are designed to amplify the daily performance of a reference asset, while benefiting from the advantages offered by an ETP, including continuous listing on a regulated market. The amplifying effect of these ETPs is obtained by a long coefficient of +3 or a negative coefficient ("short") of -3, thus allowing sophisticated investors to express their bullish or bearish convictions on an asset.
The firm writes that GraniteShares was founded in 2016 and quickly established itself as the leader in high conviction products with the launch in London of a new category of collateralised ETPs, offering "Long" and "Short" exposure to US and UK equities.
Benoit Autier, Co-Founder and COO of GraniteShares says: “The French market has a long tradition with leveraged products. GraniteShares’s offering responds to this demand with a full range of ETPs with daily long and short leverage on the largest US technology companies as well as on indices covering a specific theme, such as FAANG and GAFAM. Thanks to this offer, French and European investors can now set up complex and high conviction strategies through a simple securities account. With this listing on Euronext Paris, GraniteShares is strengthening its leadership position in the high conviction ETP sector and proving its capacity for innovation for the benefit of experienced investors.”