Boost ETP lists first products on US equities, silver and natural gas on Borsa Italiana
Boost ETP, specialist Short and Leverage (S&L) Exchange-Traded Product (ETP) provider, has announced that it has listed six more ETPs on Borsa Italiana.
The company has listed 20 ETPs on Borsa Italiana so far, bringing its total listings to 64 between the UK and Italy.
Boost’s new ETPs and ETCs available on Borsa Italiana are:
- Boost NASDAQ 100 3x Short Daily ETP IE00B8VZH32 QQQS
- Boost NASDAQ 100 3x Leverage Daily ETP IE00B8W5C578 QQQ3
- Boost US Large Cap 3x Short Daily ETP IE00B8K7KM88 3USS
- Boost US Large Cap 3x Leverage Daily ETP IE00B7Y34M31 3USL
- Boost Natural Gas 2x Short Daily ETP IE00B94QL251 2NGS
- Boost Silver 2x Short Daily ETP IE00B94QL921 2SIS
According to the company, demand for “transparent, liquid and robust S&L ETPs” has increased over the past few years with global S&L ETP assets rising to a record of $56bn.
As Boost ETP also highlights, there has been a rise in demand since October 2013 as volatility in global equity markets has risen, with Boost’s AUM having also risen to a record of circa $78m, up around 200% in the past four months. Boost’s most popular indices are FTSE MIB and Natural Gas with $15m and $19m of AUM, or around $45m and $55m, respectively after taking leverage into account.
Volumes across Boost’s platform have risen to an average of $10m per day, having increased by 2,000% since June 2013. In January, the most popular Boost ETP was the Boost Natural Gas 3x Short Daily ETP (3NGS), which comprised 27% of total Boost turnover. In Italy, Boost has gained around 17% market share in less than four months, with Natural Gas and Silver two of the top three traded ETPs in Borsa’s ETC segment of ETFplus, the firm also said.
The US’s second tapering announcement, China’s unexpected contraction in manufacturing and Europe’s bank stress test coming on the heels of more capital raising has briefly cut short the rally in equities during the second half of January. While the souring sentiment on risk assets had caused investors to seek shelter in safe havens assets such as gold and US Treasuries, leveraged short positioning in US equities would have created efficient hedging for investors.
Co-CEO of BOOST ETP, Nik Bienkowski commented: “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 AUM, this is proof of investor demand for well-constructed and highly liquid investment products such as Boost ETPs”.