FTSE MIB 3x Leverage Daily ETP
Boost FTSE MIB 3x Leverage Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the FTSE MIB Super Leveraged RT Net-of-Tax Lux TR index, providing three times the daily performance of the FTSE MIB Net Total Return index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.
For example, if the FTSE MIB rises by 1%, then the ETP will rise by 3%, excluding fees. However, if the FTSE MIB falls by 1%, then the ETP will fall 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) £80.88
- Base/Trading Currency EUR/GBx
- Daily Change (19 Oct 2017) -2.59%
- Leverage Factor 3x
- ISIN IE00B8NB3063
- Bloomberg Ticker 3ITL LN
- Index Name FTSE MIB Super Leveraged RT Net-of-Tax Lux TR Index
- Index Bloomberg Ticker FMIBL3X
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.75%|
|Daily Swap Rate||0.00166%|
Listings & Codes
|London Stock Exchange|
|Bloomberg Ticker||3ITL LN|
|Listing Date||15 Mar 2017|
|Bloomberg Ticker||3ITL IM|
|Listing Date||31 Oct 2013|
FTSE MIB SUPER LEVERAGED RT NET-OF-TAX LUX TR INDEX
The FTSE MIB Daily Super Leveraged RT Net-of-Tax (Lux) TR Index is derived from the FTSE MIB Net-of- Tax (Lux) TR Index and aims to replicate the daily performance of the FTSE MIB Net-of-Tax (Lux) TR Index multiplied by a leverage factor of three and adjusted to reflect certain inherent costs of maintaining the leveraged positions required to achieve that aim.
The FTSE MIB Net-of-Tax (Lux) TR Index is a net total return version of the FTSE MIB Index. The dividends used in the index total return calculations are those declared by the index constituents and are applied on the ex-dividend date net of Luxembourg tax.
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.
All rights in the FTSE MIB Super Leveraged RT Net-of-Tax Lux TR 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.