Not Registered? Register Now.

1. My Profile >2. Additional Information

By submitting below you certify that you have read and agree to our privacy policy.



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 


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.

Fund Overview
Base/Trading Currency EUR/EUR
Bloomberg Ticker ITBL IM
Index Bloomberg Ticker FMIBBN
Index Name FTSE MIB Banks 15% Capped Net Tax Index
Leverage Factor N/A
Net Asset Value As of 20 Sep 2019
NAV £116.40
Daily Change £2.95
Daily Return 2.60%
Total AUM of fund €8,687,459.60
Shares Outstanding 66,073
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
Annual Management Fee Rate 0.35%
Daily Swap Rate 0.00108%
Passported Countries
Austria Austria
United Kingdom

Listings & Codes

Listings & Codes

Performance i
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.

Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV with dividend reinvestment on ex_date. Historical performance is not an indication of future performance and any investments may go down in value.
Index Details


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 Details
Index Name FTSE MIB Banks 15% Capped Net Tax Index
Currency EUR
Index Provider FTSE
Bloomberg Ticker FMIBBN
Reuters Index Ticker .TRIFMIBBN
Documents and Links

Index Methodology

Collateral Details

Collateral Details
Collateral Coverage Ratio 105.0%
Collateralised Yes
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.

Collateral Structure


Historical Data



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.