New Listing

Leverage Shares launches stock tracker ETPs

Offer 1:1 exposure of leading US and Canadian stocks such as Coinbase and Tesla

Tom Eckett


Leverage Shares has expanded its range of exchange-traded products (ETPs) with the launch of strategies that track the price of well-known stocks, ETF Stream can reveal.

The nine stock tracker ETPs are listed on the London Stock Exchange with a management fee of 0.15%, offering 1:1 exposure to leading US and Canadian stocks such as Coinbase, Shopify, Tesla and the FAANGs.

Each ETP is physically backed and trades in sterling, euros and US dollars.

Where the advantage lies in investing in stock tracker ETPs instead of the stock itself is they trade at a fraction of the price at $5 per share enabling fractional trading. Amazon, for example, currently has a share price of $3,259.

The firm added the stock tracker ETPs enable retail investors easier access to these stocks and allow legacy brokers to offer fractional trading to their clients.

Oktay Kavrak, product strategy, Leverage Shares: “Many legacy brokers still do not offer fractional trading, so investors have to shell out north of $3,000 for a single share of Amazon and pay FX fees along the way.

“These ETPs remove yet another barrier to make widespread investing accessibly across borders and demographics.”

Single stock ETPs: Leverage 2.0

Lida Eslami, head of business development, ETP and IOB at the London Stock Exchange, added: “London continues to support innovation and choice in the ETP market, offering institutional and retail investors exposure to a wide range of products to suit their evolving investment strategies.”

Leverage Shares has also expanded its leveraged ETP range with the launch of four triple leveraged strategies offering exposure to AMD, Twitter, Alibaba and UBER.

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