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ITBL

FTSE MIB Banks ETP

The Boost FTSE MIB Banks ETP provides the performance of the FTSE MIB Banks 15% Capped Net Tax Index, after fees.

Key Benefits

  • Targeted exposure to the Italian banks in the FTSE MIB benchmark
  • Liquid. Trades like an equity on exchange, with multiple market makers (MMs)
  • A fully collateralised exchange traded product (ETP), offered as a UCITS eligible debt security

Key Risks

  • Given the small number of securities in the index, if any of the constituent securities experience a trading suspension or other disruption, the ETP’s liquidity may be adversely affected. In particular, the ETP may temporarily close for creations and/or redemptions, which may pose significant risks, including the potential for the market price to deviate from the price at which the ETP would otherwise trade, increased volatility and limited ability to trade the ETP on the secondary market.
  • The returns payable on the ETP are dependent on payments received from the swap counterparty under the terms of the relevant swap. In the event the swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects
  • Banking stocks in the FTSE MIB can experience very high volatility
  • Investment risk is concentrated in the banking sector and Italy
  • Please refer to the “Risk Factors” section of the Issuer’s Prospectus 

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) (16 Nov 2017) £133.31
  • Base/Trading Currency EUR/GBx
  • Daily Change (16 Nov 2017) -1.17%
  • Leverage Factor N/A
  • ISIN IE00BYMB4Q22
  • Bloomberg Ticker ITBL LN
  • Index Name FTSE MIB Banks 15% Capped Net Tax Index
  • Index Bloomberg Ticker FMIBBN
Net Asset Value 17 Nov 2017
NAV £133.31
Daily Change (£1.57)
Daily Return -1.17%
Total AUM of fund €15,990,831.28
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 0.35%
Daily Swap Rate 0.00108%

Listings & Codes

Listings & Codes
Index Details

FTSE MIB BANKS 15% CAPPED NET TAX INDEX

The FTSE MIB Banks 15% Capped Net Tax Index (the “Index”) tracks the performance of the FTSE MIB Index constituents classified as “Banks” in accordance with the Industry Classification Benchmark rules. The Index is market capitalisation weighted after adjusting constituents for float, with individual constituent weights capped at 15%. The Index rebalances quarterly in March, June, September and December.

Index Details

Index ID Card
Index Name FTSE MIB Banks 15% Capped Net Tax Index
Currency EUR
Index Provider FTSE
Bloomberg Ticker FMIBBN
Leverage Factor N/A
Reuters Instrument Code .TRIFMIBBN
Leverage Method No Leverage
Documents and Links

Index Methodology

Boost Collateral Details

Details 16 Nov 2017
Collateral Coverage Ratio 104.9%
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 Banks 15% Capped Net Tax 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. The Boost FTSE MIB Banks ETP (the "Product”) has been developed solely by Boost Issuer PLC. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Product and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Boost Issuer PLC.