Boost lists new short and leveraged ETPs on Borsa Italiana

Feb 28th, 2014 | By | Category: Alternatives / Multi-Asset

Boost, a specialist provider of short and leveraged exchange-traded products (ETPs), has listed a further six ETPs on Borsa Italiana. The new listings take the total number of Boost products on the Milan-based exchange to 20.

Boost lists new short and leveraged ETPs on Borsa Italiana

Boost now has a total of 20 ETPs listed on Borsa Italiana
(© Giovanni Dall’Orto)

The new products are linked to the Nasdaq 100, Russell 1000, Nasdaq Commodity Silver and Nasdaq Commodity Natural Gas indices, and provide a mix of double and triple long and short exposures.

The Boost Nasdaq 100 3x Leverage Daily ETP (QQQ3) and Boost Nasdaq 100 3x Short Daily ETP (QQQS) provide triple leveraged and inverse exposure, respectively, to the Nasdaq-100 Index. This index includes 100 of the largest domestic and international non-financial securities listed on the Nasdaq Stock Market based on market capitalization. The index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.

The Boost US Large Cap 3x Leverage Daily ETP (3USL) and Boost US Large Cap 3x Short Daily ETP (3USS) provide triple leveraged and inverse exposure, respectively, to the Russell 1000 Index. This index measures the performance of the large-cap segment of the US equity universe and includes approximately 1000 of securities, representing approximately 92% of the US market.

The Boost Silver 2x Short Daily ETP (2SIS) provides double inverse exposure to the Nasdaq Commodity Silver Index. This index is designed to reflect an investment in front-month COMEX Silver commodity futures contracts, rolling monthly out of the expiring front-month contract and into the next front-month contract. The index measures excess return performance based on the futures price performance and the roll return.

The Boost Natural Gas 2x Short Daily ETP (2NGS) provides double inverse exposure to the Nasdaq Commodity Natural Gas Index. This index is designed to reflect an investment in front-month NYMEX Natural Gas commodity futures contracts, rolling monthly out of the expiring front-month contract and into the next front-month contract. The index measures excess return performance based on the futures price performance and the roll return.

Commenting on the launch of these new ETPs, Nik Bienkowski, Co-CEO of Boost, said: “Boost has seen significant activity already in its flagship Italian ETPs including the Boost FTSE MIB 3x Leverage Daily ETP (3ITL) and Boost FTSE MIB 3x Short Daily ETP (3ITS). We also saw significant interest in Boost Natural Gas 3x Leverage Daily ETP (3NGL) and Boost Silver 3x Leverage Daily ETP (3SIL). To gain around 17% market share for the Borsa Italiana ETP Plus ETC/ETP segment in less than four months of trading is spectacular. With record trading volumes and assets under management, this is proof of investor demand for well-constructed and highly liquid investment products such as Boost ETPs”.

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