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 Short
GraniteShares AstraZeneca Daily ETP3LAZ3SAZ
GraniteShares BAE Systems Daily ETP3LBA3SBA
GraniteShares Barclays Daily ETP3LBC3SBC
GraniteShares BP Daily ETP3LBP3SBP
GraniteShares Diageo Daily ETP3LDO3SDO
GraniteShares Glencore Daily ETP3LGL3SGL
GraniteShares Lloyds Banking Group Daily ETP3LLL3SLL
GraniteShares Rio Tinto Daily ETP3LRI3SRI
GraniteShares Royal Dutch Shell3LRD3SRD
GraniteShares Rolls-Royce Daily ETP3LRR3SRR
GraniteShares Vodafone Daily ETP3LVO3SVO