GraniteShares, the discount commodities ETF specialist, is coming to Europe. As part of its opening catalogue of European products, the company is listing a suite of single stock leveraged and inverse ETPs.
The new ETPs all use swaps to give 3x the daily performance of British blue chips. At present, there are no ETPs quite like them in Europe.
In 2017, a Global X subsidiary called “Leverage Shares”, attempted to list leveraged single stock ETPs for American blue chips on the London Stock Exchange. However, their efforts were unsuccessful – for whatever reason – and the products never really traded.
Will Rhind (pictured), founder and CEO of GraniteShares, commented: "We are proud to bring this new innovation to the UK market. The convenience and transparency provided by ETPs means that investors with the appetite and experience to use leverage can trade through investment platforms rather than having to open a margin account.
"At a time when it has become statistically harder and harder to actually make money in the markets and outperform, GraniteShares is giving investors the ability to express very focused views, both long and short, on popular UK single stocks through ETPs."
The funds charge 0.99%.
+3x Long-3x ShortGraniteShares AstraZeneca Daily ETP3LAZ3SAZGraniteShares BAE Systems Daily ETP3LBA3SBAGraniteShares Barclays Daily ETP3LBC3SBCGraniteShares BP Daily ETP3LBP3SBPGraniteShares Diageo Daily ETP3LDO3SDOGraniteShares Glencore Daily ETP3LGL3SGLGraniteShares Lloyds Banking Group Daily ETP3LLL3SLLGraniteShares Rio Tinto Daily ETP3LRI3SRIGraniteShares Royal Dutch Shell3LRD3SRDGraniteShares Rolls-Royce Daily ETP3LRR3SRRGraniteShares Vodafone Daily ETP3LVO3SVO