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Germany : New issuer Boost ETP launches four leveraged exchange-traded notes on Xetra

July 17, 2014



Four exchange-traded notes (ETNs) issued by Boost ETP have been tradable on Xetra since Tuesday. The new products are linked to indices in the LevDAX, ShortDAX and EURO STOXX 50 index families and enable investors to participate in the performance of rising or falling share prices with a leverage factor of three.

"We are happy to welcome Boost ETP as new issuer to our Exchange Traded Notes segment. With Boost ETP's new product range, investors will benefit from expanded trading opportunities in leveraged financial instruments on stock indices", said Martin Reck, Managing Director Cash Market at Deutsche Boerse.

The Boost LevDAX 3x Daily ETP and Boost EURO STOXX 50 3x Leverage Daily ETP replicate the daily percentage performance of the DAX and EURO STOXX 50, respectively, with a leverage factor of three. In contrast, the Boost ShortDAX 3x Daily ETP and Boost EURO STOXX 50 3x Short Daily ETP provide market participants with access to the inverse daily percentage performance of the two indices with the same leverage factor.

Hector McNeil, Co-CEO of Boost ETP, a WisdomTree company commented: Boost is very proud to be listing four new ETNs on Xetra today. Short and leverage exchange traded products can be useful tools and currently the global AUM in short and leverage ETPs stands at US$60 billion. Having already assisted with the launch of short and leverage ETCs in Germany in the past, we look forward to continuing our relationship with the German market.

Boost LevDAX 3x Daily ETP (DE000A1VFZ44) Management fee: 0,75%, Boost ShortDAX 3x Daily ETP (DE000A1VFZ36) Management fee: 0,80%, Boost EURO STOXX 50 3x Leverage Daily ETP (DE000A1VFZ69) Management fee: 0,75%, Boost EURO STOXX 50 3x Short Daily ETP (DE000A1VFZ51) Management fee: 0,80%.

Exchange traded notes are passive investment products that track the performance of underlying reference indices. Unlike exchange traded commodities (ETCs), which are also listed on Deutsche BÖrse, ETNs are based on indices outside the commodities sector. ETCs and ETNs are both types of debt securities.

Deutsche BÖrse s product range in the ETF and ETP segment currently comprises 1,040 ETFs, 225 ETCs and 139 ETNs. This offering, together with an average monthly trading volume of around 10 billion, makes Xetra Europe s leading trading venue.


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Source: TendersInfo (India)


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