Bringing you live news and features since 2006 

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


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.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
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

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
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...
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