EURO STOXX Banks 3x Short Daily ETP
Boost EURO STOXX Banks 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the EURO STOXX Banks Daily Short 3 EUR Gross Return index, providing three times the inverse daily performance of the EURO STOXX® Banks index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.
For example, if the EURO STOXX Banks rises by 1% over a day, then the ETP will fall by 3%, excluding fees. However if the EURO STOXX Banks 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.
- Price (NAV) (19 Oct 2017) £14.88
- Base/Trading Currency EUR/GBx
- Daily Change (19 Oct 2017) 2.65%
- Leverage Factor -3x
- ISIN IE00BLS09P63
- Bloomberg Ticker 3BAS LN
- Index Name EURO STOXX Banks Daily Short 3 EUR Gross Return Index
- Index Bloomberg Ticker SX7EGT3S
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Registered Countries||Germany, Ireland, Italy, Norway, United Kingdom|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.89%|
|Daily Swap Rate||-0.00111%|
Listings & Codes
|London Stock Exchange|
|Bloomberg Ticker||3BAS LN|
|Listing Date||15 Mar 2017|
|Bloomberg Ticker||0LJJ GY|
|Listing Date||30 Jun 2015|
|Bloomberg Ticker||3BAS IM|
|Listing Date||09 Dec 2014|
EURO STOXX BANKS DAILY SHORT 3 EUR GROSS RETURN INDEX
The EURO STOXX Banks Daily Short 3 EUR Gross Return Index aims to replicate the inverse daily performance of the EURO STOXX Banks Gross Return index multiplied daily by three and adjusted to reflect certain inherent costs of maintaining the leveraged positions required to achieve that aim.
The EURO STOXX Banks Net Return index represents the largest companies belonging to the banks sector in the following Eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
|Index ID Card|
|Index Name||EURO STOXX Banks Daily Short 3 EUR Gross Return Index|
|Reuters Instrument Code||.SX7EGT3S|
|Leverage Method||Daily Rebalancing|
Boost Collateral Details
|Details||19 Oct 2017|
|Collateral Coverage Ratio||105.4%|
|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.
The EURO STOXX Banks Daily Short 3 EUR Gross Return index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The securities [or financial instruments, or options or other technical term] based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.