Boost ETP, a leading provider of short and leveraged exchange-traded products (ETPs), has announced that its three-times leveraged long and short DAX products – the Boost LevDAX 3x Daily ETP and Boost ShortDAX 3x Daily ETP – have been listed in sterling on the London Stock Exchange.
The new GBP listings complement the products’ existing EUR listings, making them more accessible to UK investors, with tighter relative spreads.
The listing follows a similar move last week, which saw the provider’s oil, gold and silver products also gain new GBP trading lines.
With these latest additions, Boost’s line-up will increase to 28 ETPs, providing three-times leveraged and three-times short exposure to some of the most liquid and widely followed commodity and equity indices.
The new Boost LevDAX 3x Daily ETP (£) (3LDE) and Boost ShortDAX 3x Daily ETP (£) (3SDE) products track the daily performance and inverse performance of the DAX Index multiplied by three (excluding cost and fees).
The DAX is widely seen as the benchmark German equity index and comprises 30 selected blue-chip stocks traded on the Frankfurt Stock Exchange. Major constituents include Siemens, BASF, Bayer, SAP and Allianz. Chemicals, Automobiles & Parts, Industrial Goods & Services, Insurance and Technology are the largest sector weightings, representing a combined 72%.
Commenting on the new listings, Nik Bienkowski, Co-CEO of Boost, said: “We are pleased to be expanding our range of ETPs, starting with two more highly traded ETPs linked to the DAX which are now being made available in GBP as well as EUR. This will make Boost ETPs more accessible to UK investors, with tighter relative spreads.”
He added: “In the current environment, whether markets are rising or falling, the DAX is a perfect play on global macro sentiment. The DAX is a risk-on risk-off sentiment barometer for anything that happens. Automobiles and industrial are a play on China and the US while the DAX’s insurers and re-insurers are a play on event risk. The DAX 30 is the ultimate beta play. With the availability of 3x leverage and 3x short ETPs, investors can take advantage of both rising and falling markets.”
The long product comes with an annual management fee of 0.75% and a daily swap fee of 0.00417%; the short product comes with an annual management fee of 0.80% and a daily swap fee of 0.00444%.