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Graniteshares LSE-listed high conviction ETPs hit USD100m


ETF provider GraniteShares has announced that its range of London Stock Exchange listed short and leveraged ETPs on popular UK and US stocks have amassed over USD100 million in assets under management. 

Graniteshares only listed its 3x short and 3x leveraged ETFs on 11 FTSE 100 stocks in November 2019, and then nine high conviction ETPs on S&P 500 tech stocks in July 2020. Earlier this year it listed the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor also known as the ‘Chinese Tesla’, and its ground-breaking conviction tech ‘basket’ products – the world’s first FAANG, GAFAM and FATANG ETPs, investing in the tech giants Facebook, Amazon, Apple, Netflix, Alphabet and Microsoft. 

As well as a growing AUM, GraniteShares is also seeing record levels of trading in its leveraged and short LSE listed ETPs. In the first quarter of this year, USD295 million was traded through its products, 40 per cent more than the USD209 million in the last quarter of 2020. 

Will Rhind, Founder and CEO of GraniteShares, says: “We have managed to reach the significant milestone of USD100 million in AUM in a relatively short space of time proving there is significant demand for this new and exciting category of ETPs. Trading volumes have also increased rapidly with some of the more popular names like Tesla and Rolls Royce trading more securities per day than a lot of ETFs. 

“The pandemic has resulted in very high levels of market volatility, and this combined with people spending more time at home and the growing trend for individual sophisticated investors taking greater control over their investments, means we are seeing more investors pursuing high conviction strategies.” 

GraniteShares offers several 3x leveraged, 1x short and 3x short ETPs on FTSE 100 and S&P 500 stocks listed on the London Stock Exchange. They cover popular US tech stocks, but also a selection of FTSE 100 companies.

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