Bringing you live news and features since 2006 

Japan flag

Boost ETP launches Europe’s first Japanese equity short and leverage ETPs


Boost ETP has listed Europe’s first Japanese equity exchange-traded products on the London Stock Exchange, Boost TOPIX 1x Short Daily ETP (1JAS) and Boost TOPIX 2x Leverage Daily ETP (2JAL). 

Following years of stagnation, momentum in Japanese equities has been building, with the TOPIX index rising 64 per cent (from 1 November 2012 to 11 July 2013), beating major DM and EM equity benchmarks.
The TOPIX outperformed the FTSE 100 by 24 per cent, the S&P 500 by 14 per cent, the DJ Euro STOXX 50 by 23 per cent and the MSCI Emerging Markets Index by 37 per cent (in USD, over the same period).
Year-to-date USD12bn has flowed into Japanese equity ETFs/ETPs, which represents a 22 per cent increase. 
Unlike previous monetary stimulus efforts, the BoJ has never been so explicit in communicating its commitment to get rid of deflation. After announcing the doubling of its inflation target earlier this year, the BoJ reckons that the two per cent inflation rate will be attained through the doubling of monetary base to JPY270tn, of JGBs (Japanese government bonds) holdings to JPY190tn, and by more than doubling the average maturity of bond holdings from less than three years to about seven years.
The new ETPs provide short and leverage exposures to daily changes in the TOPIX TR index. For example, if the TOPIX rises by one per cent on a particular day, then Boost TOPIX 2x Leverage Daily ETP (2JAL) will rise by two per cent and Boost TOPIX 1x Short Daily ETP (1JAS) will fall by one per cent. However, if TOPIX falls by one per cent, then 2JAL will fall by two per cent and 1JAS will rise by one per cent.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by