Boost Silver 3x Leverage Daily ETP ‘3SIL’ was the best performing ETP listed on the LSE in August, with a 65.6% return…
Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
Click here to register for your free copy
– Gold and silver were the top performing assets after experiencing significant price falls for the first half of the year
– Flows into silver ETPs turned positive since 1 July however net flows into gold ETPs remains negative
– Boost ETP offers the largest range of Short and Leverage gold and silver ETPs in Europe with 9 different gold and silver ETPs
Boost ETP, the award winning and independent exchange-traded product (ETP) provider, is proud to announce that Boost Silver 3x Leverage Daily ETP (3SIL) was the top performing ETP listed on the London Stock Exchange (LSE) in August. Boost Silver 2x Leverage Daily ETP (2SIL) was the 2nd top performer:
Rank Top 2 LSE ETPs for August 2013 Ticker Monthly return (GBP)
1 BOOST Silver 3x Leverage Daily ETP 3SIL 65.6%
2 BOOST Silver 2x Leverage Daily ETP 2SIL 41.3%
* Source: Delta One Solutions to 30 August 2013, and FX rates from Bloomberg
This year, as the outlook for growth and risk assets improved, precious metals have been the worst performing asset classes. From the start of this year to their low on 27 June, silver fell 38%, while gold fell 26%. However, since their low, precious metals have rebounded strongly with silver rising 29% and gold 13%. As sentiment of gold and silver ETP investors recovers, silver has enjoyed renewed interest, with inflows of 4.2% of outstanding shares in July and 3.1% in August. In comparison, gold continued to register outflows in both July and August. (Source: Boost ETP & Bloomberg)
The performance statistics indicate the value Short and Leverage (“S&L”) ETPs can bring to investors, with 3x S&L ETPs having been first introduced to the market last December. Investors have clearly been responding to the availability of new products as evidenced by the increasing AUM and trading volumes in Boost ETPs. S&L ETPs are attractive to investors as they provide up to 3x or -3x the exposure through one simple trade, negating the need for complex documentation or use of derivatives.
Recently, trading volumes of Boost ETPs have risen dramatically with increased interest in products providing exposure to equities (short EURO STOXX 50, short and leverage FTSE 100), and commodities (short and leverage silver, and leverage gold).
Nik Bienkowski, Co-CEO of Boost commented:
“Gold and silver prices rebounded in August with Boost Silver 3x Leverage Daily ETP “3SIL) returning 65.6% for the month. The introduction of the Boost range of 3x short and 3x leverage ETPs was a first to Europe and the UK, and is proving to be a useful tool for investors to hedge risk or express a view with less capital.
The increased trading volumes and AUM in Boost ETPs also reflect investors’ strong appetite for our products. Boost’s focus on product innovation, education and client service is being appreciated by clients. Additionally, independence and transparency are becoming key requirements. We believe these are the standards that investors will increasingly demand in the next generation of ETP providers.”
Source: BoostETP – ETFWorld.co.uk
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
Subscribe to Our Newsletter
