The Boost WTI Oil 3x Leverage Daily ETP (3OIL) was the top performing exchange-traded product listed on the London Stock Exchange (LSE) in July with a return of 28.1 per cent.
Alongside 3OIL, Boost also had three more ETPs in the top five performers:
Boost Euro Stoxx 50 3x Leverage Daily ETP + 22.8 per cent
Boost Gold 3x Leverage Daily ETP + 20.0 per cent
Boost Gold 3x Leverage Daily ETP + 21.2 per cent
Recently, trading volumes of Boost ETPs have risen dramatically with increased interest in products providing exposure to short WTI, short Euro Stoxx 50, leverage FTSE 250 and leverage FTSE 100. This is also reflected globally where demand for S&L ETPs outstrips unleveraged ETPs in 2013, as global S&L trading volumes have risen to 71 per cent from USD114bn to USD195bn (June 2013) which is an increase of 15 per cent in assets under management.
Hector McNeil, co-chief executive of Boost, says: “I was pleasantly surprised that Boost WTI Oil 3x Leverage was the best performing ETP listed on the LSE in July with a 28.1 per cent return for the month. Added to that, Boost’s ETPs tracking Euro Stoxx 50, gold and FTSE 100 were also in the top five performing ETPs. The introduction of the Boost range of 3x short and 3x leverage ETPs as a first to Europe and the UK is proving its added value and uniqueness to investors.
“The increased trading volumes and AUM in Boost ETPs also reflect investors’ strong appetite our products. Boost’s focus on product innovation, education and client service is being appreciated by clients. The uniqueness of the product set, the independence and transparency of the Boost model sits well with investors, and the increased trading and AUM seem to be as a result of this. We believe these are the standards that investors will increasingly demand in the next generation of ETP providers.”
