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PRESS ROOM

BOOST’s Silver 3x Lev (3SIL) & Gold 3x Lev ETP (3GOL) The Top Performing ETPs on the LSE in June

Tuesday 08th July '14

  • Boost Silver 3x Leverage Daily ETP (3SIL) rose 38% (GBP) in June on the back of silver futures rising 10.4% (GBP) in the same period, making it the best performing ETP on the LSE.
  • LSE’s third best performing ETP was Boost Gold 3x Leverage Daily ETP (3GOL). 3GOL rose 16.5% (GBP) in June as gold futures rose 4% in the same period.
  • Helped by strong inflows into gold and silver ETFs and downbeat expectations of US nonfarm payrolls for June, precious metals regained momentum. A strong upward trend in silver coinciding with high volatility of gold underpinned 3SIL’s outperformance over 3GOL.
  • At the end of June BOOST reached a company record of $113 million AUM. Since the beginning of the year AUM rose 168%, matched with trading volume close to $1 billion in the same period.

London, 08 July 2014: 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 Leverage Daily ETP (3SIL) was the top performing ETP on the London Stock Exchange (LSE) in June. 3GOL was the third best performing ETP. 

The following table outlines the performance figures for the said ETPs:
 
Rank LSE ETP Name LSE Code Return (in GBP)
1 Boost Silver 3x Leverage Daily ETP 3SIL 38%
3 Boost Gold 3x Leverage Daily ETP 3GOL 16.5%

* Source: Boost, Bloomberg. Returns represent changes in NAV / official prices where available or exchange closing prices otherwise, between 30/05/2014 and 30/06/2014. Ranking of returns was done based on GBP returns.

 

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 such products as is 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:

“Last month saw precious metals regain momentum as investors bought gold and silver ETFs ahead of downbeat expectations of US’s jobs numbers for June. Silver’s disproportionate fall relative to gold last year is seen as having helped silver regain momentum this month. In contrast, gold’s higher volatility than silver in June has underpinned its underperformance relative to silver. However, given the surprising strength of the US labour market with nonfarm payroll numbers for June coming in much better than expected (288K actual vs 215K expected), risk assets may regain appeal and reverse the sentiment in gold and silver in July." 
 
Globally, investors continue to increase their usage of short & leveraged ETPs. Global S&L ETP assets rose by 6.7% over April to a record $61 billion (as at 31 May 2014). 
 
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.