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3ITS

FTSE MIB 3x Short Daily ETP

Boost FTSE MIB 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the FTSE MIB Ultra Short Strategy RT GR index, providing three times the inverse daily performance of the FTSE MIB Total Return index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.

For example, if the FTSE MIB rises by 1%, then the ETP will fall by 3%, excluding fees. However, if the FTSE MIB falls by 1%, then the ETP will rise by 3%, excluding fees.

ETP RISK WARNING

The Boost Issuer Plc exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.

 

The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.

KEY INFORMATION

  • Price (NAV) (20 Sep 2017) £8.80
  • Base/Trading Currency EUR/GBx
  • Daily Change (20 Sep 2017) 0.75%
  • Leverage Factor -3x
  • ISIN IE00B873CW36
  • Bloomberg Ticker 3ITS LN
  • Index Name FTSE MIB Ultra Short Strategy RT GR Index
  • Index Bloomberg Ticker FMIBI3X
Net Asset Value 20 Sep 2017
NAV £8.80
Daily Change £0.07
Daily Return 0.75%
Total AUM of fund €57,454,328.92
Structure
Physical Assets Yes (Collateral)
Structure ETP
Domicile Ireland
Replication Method Fully Collaterised Swap
Key Service Providers
Issuers Boost Issuer PLC
Administrator Capita IFS
Custodian Bank of New York Mellon
Trustee Law Debenture Trust
Auditor Ernst & Young
Swap Provider BNP Paribas Arbitrage SNC
Market Makers Market Makers
Authorised Participants APs
Fees
Annual Management Fee Rate 0.8%
Daily Swap Rate 0.00083%

Listings & Codes

London Stock Exchange
Base Currency EUR
Trading Currency GBx
Exchange Ticker 3ITS
ISIN IE00B873CW36
SEDOL B873CW3
Bloomberg Ticker 3ITS LN
Settlement Period T+2
RIC WT3ITS.L
Listing Date 15 Mar 2017
Borsa Italiana
Base Currency EUR
Trading Currency EUR
Exchange Ticker 3ITS
ISIN IE00B873CW36
SEDOL BD3CTP1
Bloomberg Ticker 3ITS IM
Settlement Period T+2
RIC 3ITS.MI
Listing Date 31 Oct 2013
Index Details

FTSE MIB ULTRA SHORT STRATEGY RT GR INDEX

The FTSE MIB Ultra Short Strategy RT GR Index is derived from the FTSE MIB Index and aims to replicate the inverse daily performance of the FTSE MIB Index multiplied by a leverage factor of three, and adjusted to reflect certain inherent costs and revenues of maintaining the short positions required to achieve that aim.

The FTSE MIB Index is calculated on a gross total return basis.

Index Details

Index ID Card
Index Name FTSE MIB Ultra Short Strategy RT GR Index
Currency EUR
Index Provider FTSE
Bloomberg Ticker FMIBI3X
Leverage Factor 3x
Reuters Instrument Code .FTFMIBI3X
Leverage Method Daily Rebalancing
Documents and Links

Index Methodology

Boost Collateral Details

Details 20 Sep 2017
Collateral Coverage Ratio 105.3%
Over Collateralised Yes
Custodian Bank of New York Mellon

Boost is an independent boutique Exchange Traded Product (“ETP”) provider and as such it is independent from any investment bank, swap provider, trustee or custodian. Boost ETPs have a robust and transparent collateral structure, which Boost believes offers investors a best of breed counterparty risk model, where investors’ interests are aligned with Boost's.

Boost Collateral Structure

DISCLAIMERS

 

All rights in the FTSE MIB Ultra Short Strategy RT GR Index (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence.