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BOOST launches Europe’s first 3x leverage gilts fixed income ETP on LSE

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BOOST ETP has listed Europe’s first ever 3x leverage Gilts 10Y Fixed Income ETP (3GIL) on the London Stock Exchange (LSE). It is also Europe’s first 3x leverage Fixed Income ETP to be listed on any European Exchange.

3GIL is BOOST’s third 3x Sovereign debt S&L ETP to be listed on the LSE. The two current ETPs listed on the LSE are Boost US Treasuries 10Y 3x Short Daily ETP (3TYS) and Boost Gilts 10Y 3x Short Daily ETP (3GIS).

The new ETP will track an index which gives exposure to the returns from holding an investment in the Long Gilt Rolling Future Index, which tracks front-month Long-Gilt futures, plus the interest revenue earned on the collateralised amount. The ETP is designed to return 3x the daily movement of the relevant benchmark index. For example, if the Long Gilt Rolling Future index rises by 1% on a day, then “3GIL” will rise by 3% on that day (less fees and adjustments). Conversely, if the Long Gilt Rolling Future index falls by 1% on a day, then “3GIL” will fall by 3% on that day(less fees and adjustments).
 
Hector McNeil, Co-CEO of WisdomTree Europe, says: “We are very pleased to bring Europe’s first 3x leverage Fixed Income ETP, 3GIL, to Europe. Along with the recently listed Boost Gilts 10Y 3x Short Daily ETP (3GIS), the two ETPs provide investors the ability to trade both rising and falling Bank of England interest rates. With increasing uncertainty around Bank of England rate rises and the timing of those actions, 3GIL and 3GIS are ideal tools for investors to hedge their Sovereign Bond risks.”

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