Leveraged and Short FTSE 100 and FTSE 250 indices used in new Boost ETPs

8 July 2013

  • First FTSE 250 Short and Leveraged ETPs launched
  • Three FTSE 100 and FTSE 250 Short Daily Boost ETPs announced
  • Two FTSE 100 and FTSE 250 Leveraged Daily Boost ETPs announced

FTSE, a leading global index provider, has licenced its FTSE 100 and FTSE 250 Leveraged and Short indices to Boost, an independent ETP provider of specialised Exchange Traded Products (ETPs) within the European market. The indices will be used as the foundation for five new ETPs which start trading on London Stock Exchange today, 8 July.

These Boost ETPs use the FTSE 100 2x and 1x Short Daily indices and the FTSE100 2x Leveraged Daily index, as well as the FTSE 250 1x Short Daily and FTSE 250 2x Leveraged Daily indices. This is the first time that FTSE 250 Short and Leveraged indices have been the basis of ETPs. In December 2012, Boost launched the first ETPs based on the FTSE 100 3X Short and FTSE 100 3X Leveraged indices.

FTSE’s Short and Leveraged (S&L) indices are based on some of the most widely used stock indices globally and are designed to enable products which hedge against the standard indices and to express views on the indices as investments.

Sudir Raju, Managing Director ETP Relationships at FTSE, said “The FTSE Short and Leveraged indices are ideal for use in ETPs due to their highly transparent, rules based methodologies. We are delighted to be extending our relationship with Boost through the use of further FTSE indices in their new ETPs.”

Hector McNeil, Co-CEO of Boost ETP had this to say, “Boost is very proud to introduce the world’s first Short and Leveraged ETPs based on the FTSE 250, which will allow investors to trade the material constituents of the main companies listed on London Stock Exchange. We believe that the new products will be valuable additions to an investor’s tool kit.”

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