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BOOST Silver 3x Short Daily ETP (3SIS) was amongst the top performing ETPs on the LSE, driven by bearish sentiment in precious metals

Thursday 03rd April '14

  • BOOST Silver 3x Short Daily ETP (3SIS) was among the top performing ETPs on the LSE in March 2014, returning 21.6%. 
  • Having risen by 11% in February on the back of rebounding gold prices, silver fell by 7% in March. 
  • In the first quarter of 2014 Boost has more than doubled its AUM to $90 million. Boost volumes during the same period exceeded $0.5 billion, a more than fivefold increase compared to the fourth quarter of 2013.

BOOST ETP, Europe’s award winning, specialist Short and Leverage (S&L) Exchange-Traded Product (ETP) provider is proud to announce that the BOOST Silver 3x Short Daily ETP (3SIS) was among the top performing ETPs on the LSE in March 2014, returning 21.6%. 

The performance statistics demonstrate the value S&L ETPs can bring to investors. 3x S&L ETPs were first introduced by BOOST ETP to the LSE in December 2012. Investors have clearly been responding to the availability of new products as evidenced by the increasing AUM and trading volumes in BOOST’s products. S&L ETPs are attractive to investors as they provide up to 3x or -3x the exposure through one simple trade. These levels of exposure allow investors to gain from rising as well as falling markets, thus negating the need for complex documentation or use of derivatives. 

Viktor Nossek, Head of Research at BOOST ETP commented:

“Following precious metals strong showing during January and most of February as turmoil in EM and disappointing China PMI indicators triggered the risk-off trade, silver along with gold ended March on a weaker footing. Having risen 11% to outperform gold by 4% in February, silver fell 7% in March, underperforming gold by 3.6%. 

The introduction of BOOST’s range of 3x short and 3x leverage ETPs in December 2012 was a first in the UK and is proving to be a useful tool for investors to hedge risk or express a view with less capital. 

Globally, investors continue to increase their usage of short & leveraged ETPs. Global S&L ETP assets have risen by 6% to a record $61.3 billion. Demand for S&L ETPs was also reflected in BOOST ETP’s AUM, having more than doubled to $86 million in the first quarter of 2014. In total, there is $39.8bn of assets held in S&L equity ETPs and $4.2bn of assets held in S&L commodity ETCs globally”

Investors are increasingly using S&L ETPs for a variety of reasons. There is wider product availability, greater product knowledge from improved educational resources, and increased demand for hedging tools and leveraged instruments available. There is also a move towards independent, transparent and exchange traded instruments such as ETFs and ETPs. As a result of this increased usage and interest in S&L ETPs, BOOST recently launched a monthly Global Short & Leverage ETF / ETP Report and a Short & Leverage ETF / ETP Advisor Tool Kit.