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 Short|
|GraniteShares AstraZeneca Daily ETP||3LAZ||3SAZ|
|GraniteShares BAE Systems Daily ETP||3LBA||3SBA|
|GraniteShares Barclays Daily ETP||3LBC||3SBC|
|GraniteShares BP Daily ETP||3LBP||3SBP|
|GraniteShares Diageo Daily ETP||3LDO||3SDO|
|GraniteShares Glencore Daily ETP||3LGL||3SGL|
|GraniteShares Lloyds Banking Group Daily ETP||3LLL||3SLL|
|GraniteShares Rio Tinto Daily ETP||3LRI||3SRI|
|GraniteShares Royal Dutch Shell||3LRD||3SRD|
|GraniteShares Rolls-Royce Daily ETP||3LRR||3SRR|
|GraniteShares Vodafone Daily ETP||3LVO||3SVO|