Gilts 10Y 3x Short Daily ETP
Boost Gilts 10Y 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP provides a total return comprised of three times the inverse daily performance of the Long Gilt Rolling Future Index, which tracks front-month Long-Gilt futures, plus the interest revenue earned on the collateralised amount. Long-Gilt futures are traded on LIFFE and deliver UK government bonds with 8.75-13 years to maturity.
For example, if the index rises by 1% over a day, then the ETP will fall by 3%, and if the index falls by 1% over a day then the ETP will rise by 3%, in both cases excluding fees and interest revenue.
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.
- Prezzo (NAV) £52.31
- Base/Trading Currency GBP/GBP
- Cambio Giornaliero 0.99%
- Fattore di Leva del Prodotto -3x
- ISIN IE00BKS8QQ35
- Codice Bloomberg 3GIS LN
- Indice Long Gilt Rolling Future Index
- Codice Bloomberg BNSXFGG
|Informazioni Legali e Fiscali|
|UK Fund Reporting Status||Yes|
|Paesi Registrati||Germany, Ireland, Italy, Norway, United Kingdom|
|Attivi fisici detenuti||Si (Collaterale)|
|Metodo di Replica||Funded swap garantito da collaterale|
|Commissione di Gestione Annua||0.3%|
|Tasso Swap Giornaliero||0.00247%|
Listings & Codes
|London Stock Exchange|
|Valuta di base||GBP|
|Valuta di Negoziazione||GBP|
|Codice Bloomberg||3GIS LN|
|Data di Quotazione Iniziale||05 ago 2014|
DESCRIZIONE DEL PRODOTTO
L’indice Long Gilt Rolling Future Index replica l’andamento di una posizione lunga in contratti future Long-Term Euro-BTP di tipo front-month. I contratti future Long-Term Euro-BTP, con sottostante fisico rappresentato dai titoli di Stato italiani, la cui scadenza è compresa tra gli 8,5 e i 11 anni, sono trattati nel mercato internazionale EUREX.
I contratti front-month sono i contratti future la cui scadenza è più ravvicinata. Ogni trimestre, prima della scadenza del contratto front-month in essere, l’indice sostituisce quest’ultimo con il contratto che giunge a termine nel mese immediatamente successivo, adottando la cosiddetta metodologia front-month rolling.
Boost Collateral Details
|Details||21 set 2017|
|Collateral Coverage Ratio||105.3%|
|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 Long Gilt Rolling Future 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.