TOPIX 2x Leverage Daily ETP
Boost TOPIX 2x Leverage Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP provides two times the daily performance of the TOPIX TR index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.
For example, if the TOPIX rises by 1%, then the ETP will rise by 2%, excluding fees. However, if the TOPIX falls by 1%, then the ETP will fall by 2%, 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) (25 May 2017) £109.85
- Base/Trading Currency JPY/GBP
- Daily Change (25 May 2017) 0.58%
- Leverage Factor 2x
- ISIN IE00BBGBF537
- Bloomberg Ticker 2JAL LN
- Index Name TOPIX TR
- Index Bloomberg Ticker TPXDDVD
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Registered Countries||Germany, Ireland, Italy, Norway, United Kingdom|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.75%|
|Daily Swap Rate||0.00638%|
The TOPIX TR Index is a total return version of the TOPIX or Tokyo Stock Price Index, a free-float adjusted market capitalization-weighted index that is calculated based on all the domestic common stocks listed on the First Section the Tokyo Stock Exchange.
Boost Collateral Details
|Details||25 May 2017|
|Collateral Coverage Ratio||105.3%|
|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.
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by the Tokyo Stock Exchange, Inc. and the Tokyo Stock Exchange, Inc. owns all rights and know-how relating to the TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. The Tokyo Stock Exchange, Inc. shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.
No Licensed Product are in any way sponsored, endorsed or promoted by the Tokyo Stock Exchange, Inc. The TSE is not responsible for and has not reviewed the Licensed Product nor any associated literature or publication and the TSE makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise.