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2MCL

FTSE 250 2x Leverage Daily ETP

Boost FTSE 250 2x Leverage Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the FTSE 250 Daily Leveraged RT TR index, providing two times the daily performance of the FTSE 250 Net TR index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.  

For example, if the FTSE 250 rises by 1%, then the ETP will rise by 2%, excluding fees. However, if the FTSE 250 falls by 1%, then the ETP will fall by 2%, 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) £203.20
  • Base/Trading Currency GBP/GBP
  • Daily Change -1.10%
  • Leverage Factor 2x
  • ISIN IE00B94QKJ52
  • Bloomberg Ticker 2MCL LN
  • Index Name FTSE 250 Daily Leveraged RT TR
  • Index Bloomberg Ticker MCXL2X
Net Asset Value 21 Sep 2017
NAV £203.20
Daily Change (£2.25)
Daily Return -1.10%
Total AUM of fund £2,679,426.27
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 0.6%
Daily Swap Rate 0.00222%

Listings & Codes

London Stock Exchange
Base Currency GBP
Trading Currency GBP
Exchange Ticker 2MCL
ISIN IE00B94QKJ52
SEDOL B94QKJ5
Bloomberg Ticker 2MCL LN
Settlement Period T+2
RIC 2MCL.L
Listing Date 05 Jul 2013
Index Details

FTSE 250 DAILY LEVERAGED RT TR

The FTSE 250 Daily Leveraged RT TR Index aims to replicate the daily performance of the FTSE 250 Net Dividend Total Return Index multiplied by a leverage factor of two and adjusted to reflect certain inherent costs of maintaining the leveraged positions required to achieve that aim.

The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th most highly capitalised companies traded on the London Stock Exchange. This Index is calculated in GBP and published every minute.

Index Details

Index ID Card
Index Name FTSE 250 Daily Leveraged RT TR
Currency GBP
Index Provider FTSE
Bloomberg Ticker MCXL2X
Leverage Factor 2x
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 FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th most highly capitalised companies traded on the London Stock Exchange. This Index is calculated in GBP and published every minute.

 

All rights in the FTSE 250 (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. The Boost FTSE 250 2x Leverage Daily ETP (the "Product) has been developed solely by Boost Issuer PLC. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Product and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Boost Issuer PLC.