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3BAS

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.

KEY INFORMATION

  • Price (NAV) £14.33
  • Base/Trading Currency EUR/GBx
  • Daily Change -4.93%
  • 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
Net Asset Value 21 Sep 2017
NAV £14.33
Daily Change (£0.74)
Daily Return -4.93%
Total AUM of fund €6,705,649.70
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 0.89%
Daily Swap Rate -0.00111%

Listings & Codes

London Stock Exchange
Base Currency EUR
Trading Currency GBx
Exchange Ticker 3BAS
ISIN IE00BLS09P63
SEDOL BTF7Z47
Bloomberg Ticker 3BAS LN
Settlement Period T+2
RIC WT3BAS.L
Listing Date 15 Mar 2017
Xetra
Base Currency EUR
Trading Currency EUR
Exchange Ticker 0LJJ
ISIN DE000A18HC90
SEDOL BYTH6N4
WKN A18HC9
Bloomberg Ticker 0LJJ GY
Settlement Period T+2
RIC 0LJJ.DE
Listing Date 30 Jun 2015
Borsa Italiana
Base Currency EUR
Trading Currency EUR
Exchange Ticker 3BAS
ISIN IE00BLS09P63
SEDOL BLS09P6
Bloomberg Ticker 3BAS IM
Settlement Period T+2
RIC 3BAS.MI
Listing Date 09 Dec 2014
Index Details

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 Details

Index ID Card
Index Name EURO STOXX Banks Daily Short 3 EUR Gross Return Index
Currency EUR
Index Provider STOXX
Bloomberg Ticker SX7EGT3S
Leverage Factor -3x
Reuters Instrument Code .SX7EGT3S
Leverage Method Daily Rebalancing

Boost Collateral Details

Details 21 Sep 2017
Collateral Coverage Ratio 105.3%
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 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.