Silver 3x Short Daily ETP
Boost Silver 3x Short Daily ETP is a fully collateralised, UCITS eligible ETC. The ETC provides a total return comprised of three times the inverse daily performance of the NASDAQ Commodity Silver ER index and the interest revenue earned on the collateralised amount.
For example, if the index rises by 1%, then the ETC will fall by 3%, excluding fees. However, if the index falls by 1%, then the ETC 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 Aug 2017) $101.32
- Base/Trading Currency USD/USD
- Daily Change (22 Aug 2017) 0.63%
- Leverage Factor -3x
- ISIN IE00B8JG1787
- Bloomberg Ticker 3SIS LN
- Index Name NASDAQ Commodity Silver ER Index
- Index Bloomberg Ticker NQCISIER
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.99%|
|Daily Swap Rate||0.00522%|
Listings & Codes
|London Stock Exchange|
|Bloomberg Ticker||3SSI LN|
|Listing Date||13 Mar 2013|
|London Stock Exchange|
|Bloomberg Ticker||3SIS LN|
|Listing Date||20 Dec 2012|
|Bloomberg Ticker||PCFG GY|
|Listing Date||13 Nov 2014|
|Bloomberg Ticker||3SIS IM|
|Listing Date||27 Nov 2013|
NASDAQ COMMODITY SILVER ER INDEX
The NASDAQ Commodity Silver ER Index is designed to reflect an investment in front-month COMEX Silver commodity futures contracts, rolling monthly out of the expiring front-month contract and into the next front-month contract. The index measures excess return performance based on the futures price performance and the roll return. However, the ETC provides a total return performance which also includes the interest revenue on the collateralised amount.
|Index ID Card|
|Index Name||NASDAQ Commodity Silver ER Index|
|Reuters Instrument Code||.NQCISIER|
|Leverage Method||No Leverage|
Boost Collateral Details
|Details||22 Aug 2017|
|Collateral Coverage Ratio||105.1%|
|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.
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.