Leverage Shares has launched a white label platform for ETPs. The firm writes that its Leverage Shares White Label Platform made its debut with an actively managed ETP that alternates between short and long exposures to US equities.
The Kronos Strategy ETP (KRON), the firm’s first partnership in this space, went live on the London Stock Exchange in June and carries a management fee of 1.25 per cent.
With its debut, the company has joined just two other issuers in Europe and the UK that provide white labelling services to companies that want to establish their own ETP line-up but lack the necessary infrastructure and personnel resources, such as fund management, sales, marketing, and regulatory licences.
Commenting on the launch, Raj Sheth, Commercial Director at Leverage Shares says: “As a pioneer in single stock leverage ETPs, and 183 listings over two years, we have built a remarkable track record and platform capacity for efficiently launching ETPs. Our experience, costs and bandwidth offer a one-stop platform for fund managers looking to launch their ETP strategy without having to deal with high costs, complexities, and the logistical burden of setting up distribution. With starting prices 70-90 per cent lower than existing market rates, even smaller fund managers can access and afford having their own ETP.”