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Hector McNeil, Boost ETP

Boost ETP to list the world’s first short and leveraged FTSE 250 ETPs


Boost ETP is to launch the world’s first short and leveraged (S&L) FTSE 250 ETPs in early July.

The FTSE 250 index is the leading index of UK mid-cap stocks and consists of the 101 to 350 largest companies listed on the London Stock Exchange.
The launch of these two new FTSE 250 ETPs will complement Boost’s offering of S&L ETPs tracking the FTSE 100. 
In addition, Boost will be launching three new S&L ETPs tracking the FTSE 100 which to date have been Boost’s most popular products having contributed to approximately 80 per cent of daily trading volumes recently. Boost’s three new FTSE 100 ETPs will provide various S&L exposures to the FTSE 100, including -2x, -1x and +2x the daily change in the FTSE 100 Index.
The new listings expand Boost’s platform to 19 equity ETPs and 16 commodity ETCs providing S&L exposure to the world’s leading indices. Boost was the first issuer to focus on 3x leveraged and 3x short ETPs.
The new ETPs provide S&L exposure to daily changes in the FTSE 100 and FTSE 250 indices.  For example, if the FTSE 250 rises by one per cent on a particular day, then Boost FTSE 250 2x Leverage Daily ETP (2MCL) will rise by two per cent and Boost FTSE 250 1x Short Daily ETP (1MCS) will fall by one per cent. However, if the FTSE 250 falls by one per cent, then 2MCL will fall by two per cent and 1MCS will rise by one per cent.
Hector McNeil (pictured), co-chief executive of Boost ETP, says: “Boost is very proud to introduce the world’s first S&L ETPs based on the FTSE 250 benchmark. The introduction of Boost FTSE 250 1x Short Daily ETP (1MCS) and Boost FTSE 250 2x leveraged Daily ETP (2MCL) are valuable additions to an investors’ tool kit. These along with, Boost FTSE 100 3x Leverage Daily ETP (3UKL) and Boost FTSE 100 3x Short Daily ETP (3UKS), allows investors to trade the material constituents of the main companies listed on the LSE.
“Since launch we have seen a healthy increase in broad investor interest in the Boost S&L ETP range which has resulted in strong trading growth on the LSE. Boost has focused heavily on educating sophisticated investors as to the merits of S&L ETPs as an valuable trading and investment tool. We have had particularly good feedback from investors on the usefulness of the ‘Adviser Tool Kit’ we launched in May. With these new products and educational tools we feel we are continuing to add value to our growing list of investors by focusing on their trading and investment needs.”

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