Boost adds GBP trading lines to popular triple-leveraged ETPs

Mar 13th, 2013 | By | Category: ETF and Index News

Boost ETP, a London-based provider of exchange-traded products (ETPs), has added new GBP trading lines to a number of its London-listed products. Prior to now, Boost’s products were only tradable in the base currency of their underlying index, which for many of the products is either USD or EUR.

Boost adds GBP trading lines to popular triple-leveraged ETPs

Nik Bienkowski, Co-CEO of Boost.

The addition of GBP trading lines for non-GBP-linked products should make them more accessible and cost-effective to UK investors.

Boost’s current line-up of products provide triple-leveraged long and short exposure to a range of widely followed equity and commodity benchmarks.

Products such as these have a multitude of uses and are frequently deployed as part of pair trading, hedging and tactical directional strategies.

The initial products to be rolled out with GBP trading lines cover oil, gold and silver, and are among the provider’s most popularly traded products. They are, with their GBP tickers, the Boost WTI Oil 3x Leverage Daily ETP (£) (3LOI), the Boost WTI Oil 3x Short Daily ETP (£) (3SOI), the Boost Gold 3x Leverage Daily ETP (£)(3LGO), the Boost Gold 3x Short Daily ETP (£) (3SGO), the Boost Silver 3x Leverage Daily ETP (£) (3LSI) and the Boost Silver 3x Short Daily ETP (£) (3SSI).

Each of the products is linked to an index from within the Nasdaq Commodity Benchmark Index Family, a series of indices devised by Nasdaq OMX Global Indexes. The indices track liquid, front-month futures contract and are designed to provide broad and representative exposure to their respective commodity market.

Nik Bienkowski, Co-CEO of Boost, said: “We are pleased to be expanding our range of ETPs, starting with six of our most highly traded ETPs now being made available in GBP as well as USD. This will make Boost ETPs most accessible to UK investors, with tighter relative spreads.”

He added: “It is not surprising to see that oil, gold and silver are some of our most highly traded products.  Historically, oil, gold and silver have always been some of the most successful ETCs globally, while more recently, despite positive equity returns, the returns from holding commodities have been more mixed. With the availability of 3x leverage and 3x short ETPs, investors can take advantage of both rising and falling markets.”

Robert Hughes, Vice President and Global Head of Index Services at Nasdaq OMX, commented: “We are elated that Boost ETP is making these ETPs more accessible to UK investors, who are among the world’s most sophisticated. Because of increased accessibility to these popular ETPs, UK investors can employ additional trading strategies as they seek to meet their investment objectives.”

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