NASDAQ 100® 3x Short Daily ETP
Boost NASDAQ 100® 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the NASDAQ-100® 3x Inverse Total Return index, providing three times the inverse daily performance of the NASDAQ-100® Total Return index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.
For example, if the NASDAQ 100 rises by 1%, then the ETP will fall by 3%, excluding fees. However, if the NASDAQ 100 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.
- Price (NAV) (22 Jun 2017) $4.45
- Base/Trading Currency USD/USD
- Daily Change (22 Jun 2017) 0.14%
- Leverage Factor -3x
- ISIN IE00B8VZVH32
- Bloomberg Ticker QQQS LN
- Index Name NASDAQ-100® 3x Inverse Total Return Index
- Index Bloomberg Ticker XNDXS3
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.8%|
|Daily Swap Rate||0.00222%|
Listings & Codes
|London Stock Exchange|
|Bloomberg Ticker||LQQS LN|
|Listing Date||15 Mar 2017|
|London Stock Exchange|
|Bloomberg Ticker||QQQS LN|
|Listing Date||13 Dec 2012|
|Bloomberg Ticker||3QSS GY|
|Listing Date||14 Nov 2014|
|Bloomberg Ticker||QQQS IM|
|Listing Date||25 Feb 2014|
NASDAQ-100® 3X INVERSE TOTAL RETURN INDEX
The NASDAQ-100® 3x Inverse Total Return Index aims to replicate the daily inverse performance of the NASDAQ-100 Total Return Index multiplied daily by three and adjusted to reflect certain inherent costs and revenues of maintaining the short positions required to achieve that aim.
The NASDAQ-100® Total Return Index is a gross total return version of the NASDAQ-100 index, which is composed of 100 of the largest non-financial securities listed on The NASDAQ StockMarket® (NASDAQ®) based on market capitalization. It does not contain securities of financial companies including investment companies.
|Index ID Card|
|Index Name||NASDAQ-100® 3x Inverse Total Return Index|
|Leverage Method||Daily Rebalancing|
Boost Collateral Details
|Details||22 Jun 2017|
|Collateral Coverage Ratio||105.4%|
|Custodian||State Street Bank Luxembourg S.C.A.|
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.
NASDAQ OMX trademarks referenced herein are trademarks of NASDAQ OMX and have been licensed for use by Boost Issuer PLC. The securities incorporating NASDAQ OMX indexes are not created, sponsored, endorsed, recommended or promoted by NASDAQ OMX and NASDAQ OMX shall have any no liability in connection with the securities.