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3EMS

Emerging Markets 3x Short Daily ETP

Boost Emerging Markets 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange Traded Product. The ETP provides three times the inverse daily performance of the Emerging Equities Rolling Futures Index, which tracks Front Quarter and Second Quarter mini MSCI Emerging Markets Index futures, plus the interest revenue earned on the collateralised amount. Mini MSCI Emerging Markets Index futures are traded on ICE FUTURES US.

For example, if the Emerging Equities Rolling Futures Index rises by 1% over a day, then the ETP will fall by 3%, excluding fees. However if the Emerging Equities Rolling Futures Index falls by 1% over a day, then the ETP 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.

KEY INFORMATION

  • Price (NAV) (19 Oct 2017) $26.22
  • Base/Trading Currency USD/USD
  • Daily Change (19 Oct 2017) 2.76%
  • Leverage Factor -3x
  • ISIN IE00BYTYHM11
  • Bloomberg Ticker 3EMS LN
  • Index Name Emerging Equities Rolling Futures Index
  • Index Bloomberg Ticker BNSXFEME
Net Asset Value As of 20 Oct 2017
NAV $26.22
Daily Change $0.70
Daily Return 2.76%
Total AUM of fund $288,443.36
Structure
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
Fees
Annual Management Fee Rate 0.99%
Daily Swap Rate 0.00569%

Listings & Codes

London Stock Exchange
Base Currency USD
Trading Currency GBx
Exchange Ticker 3SEM
ISIN IE00BYTYHM11
SEDOL BYY8QG5
Bloomberg Ticker 3SEM LN
Settlement Period T+2
RIC 3SEM.L
Listing Date 08 Jun 2016
London Stock Exchange
Base Currency USD
Trading Currency USD
Exchange Ticker 3EMS
ISIN IE00BYTYHM11
SEDOL BYY8LQ0
Bloomberg Ticker 3EMS LN
Settlement Period T+2
RIC 3EMS.L
Listing Date 08 Jun 2016
Xetra
Base Currency USD
Trading Currency EUR
Exchange Ticker 3E3S
ISIN DE000A2BGQ39
SEDOL BYY8QS7
WKN A2BGQ3
Bloomberg Ticker 3E3S GY
Settlement Period T+2
RIC 3E3S.DE
Listing Date 17 Jun 2016
Borsa Italiana
Base Currency USD
Trading Currency EUR
Exchange Ticker 3EMS
ISIN IE00BYTYHM11
SEDOL BYV7N20
Bloomberg Ticker 3EMS IM
Settlement Period T+2
RIC 3EMS.MI
Listing Date 17 Mar 2016
Index Details

EMERGING EQUITIES ROLLING FUTURES INDEX

The Emerging Equities Rolling Futures Index is an USD denominated Index that aims to provide exposure to the performance of a basket composed of the Front Quarter and Second Quarter mini MSCI Emerging Markets Index Futures contract listed on the ICE FUTURES US. Exchange Due to the regular expiration of futures contracts, a quarterly rolling method is employed whereby the index holdings roll over from the currently held Quarterly mini MSCI Emerging Markets Index Futures to the next Quarterly mini MSCI Emerging Markets Index Futures contract in constant USD terms so that the Index remains 100 per cent invested in the contracts.

Even though the index measures excess return performance based on the futures price performance and the roll return, the ETP provides a total return performance which also includes the interest revenue on the collateralised amount.

Index Details

Index ID Card
Index Name Emerging Equities Rolling Futures Index
Currency USD
Index Provider BNP Paribas
Bloomberg Ticker BNSXFEME
Leverage Factor N/A
Reuters Instrument Code .BNSXFEME
Leverage Method No Leverage
Documents and Links

Link

Boost Collateral Details

Details 19 Oct 2017
Collateral Coverage Ratio 105.4%
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.

Boost Collateral Structure

DISCLAiMERS

 

The Emerging Equities Rolling Futures Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). The Index Sponsor does not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data on which it is based, and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Index Sponsor makes no warranty, express or implied, as to results to be obtained from the use of the Index. The Index Sponsor makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages and their liability shall not be greater than the fees paid for the Index. For the avoidance of doubt the Index and/or any transaction linked to the Index (each a “Transaction”) is not sponsored, endorsed, sold, or promoted by any provider of the underlying data (the "Reference Assets") comprised in the Index (each a “Reference Asset Sponsor”) and no Reference Asset Sponsor makes any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Reference Asset or the index and/or the levels at which the relevant Reference Asset or the Index stands at any particular time on any particular date or otherwise. No Reference Asset Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in a Reference Asset and/or in the Index and a Reference Asset Sponsor is under no obligation to advise any person of any error therein. No Reference Asset Sponsor is making any representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with entering into any Transaction. No Reference Asset Sponsor shall have any liability for any act or failure to act by the Index Sponsor in connection with the calculation, adjustment or maintenance of the Index. None of the Reference Asset Sponsors or their affiliates have any affiliation with or control over the Index or the Index Sponsor or any control over the computation, composition or dissemination of the Index.