Boost Boosts ETF Offering

Germany, UK and Italy

Boost lists leveraged government bond ETPs

WisdomTree-owned Boost is listing three inverse government bond ETPs in Germany, Italy and the UK. They will allow investors to make money as yields decline. They are:

  • Boost Bund 30Y 3x Short Daily ETP (3UBS:IM, XMWH:GR)
  • Boost Gilts 10Y 1x Short Daily ETP (1GIS:LN)
  • Boost US Treasuries 30Y 3x Short Daily ETP (UL3S:LN, UL3S:IM)

Each will use swaps to track a rolling futures index. The index will include the interest revenue earned on the collateral, thus giving a boost to Boost’s ETPs. The collateral on ETPs such as these usually comes from swap providers to cover counterparty risk.

 

3UBS will track the BNP Paribas Long Bund 30Y Rolling Future Index, which is made of front-month Euro-Buxl futures. 1GIS will track the Long Gilt Rolling Future Index, which is made of front-month Long-Gilt futures. UL3S will track the BNP Paribas US Treasury Ultra-Bond 30Y Rolling Future Index, which is made of front-month Ultra US Treasury Bond futures (US gov bond 25y or more to maturity).

 

Korea

Samsung lists more covered call ETNs

Samsung is listing two new covered call ETNs in Korea. They are:

 

Samsung Securities Samsung K200 Call 1811-02 ETN 40 (530039)

Samsung Securities Samsung K200 Call 1811-02 ETN 40 (530040)

 

Beyond the fact that these products use covered calls and track the Kospi 200 to some extent, I cannot figure out what they do. As often happens with new Korean listings, there is little English language material available on these products at this time. The products look the same but as they have different FIGI codes there must be some difference between them. This will be updated if and when the difference becomes apparent.