LSE welcomes Leverage Shares for launch of Stock Tracker ETPs
Leverage Shares, the pioneer of short and leveraged ETPs on single stocks, has launched first-of-its-kind Stock Tracker ETPs. These trade in local currency and track individual stocks like Tesla, Coinbase and the FAANGs. This takes their range to 86 ETPs on London Stock Exchange’s Main Market.
Stock Trackers are revolutionary in their simplicity and value-added propositions for investors. They offer 1-to-1 exposure to popular US stocks Listed at just $5 a share
- Each ETP is 100% physically backed
- Available in GBP, USD and EUR
- Listed on London Stock Exchange, Euronext Amsterdam and Paris
- ISA/SIPP eligible
- Management fee of just 0.15%
Leverage Shares is also expanding its short and leveraged ETP offering by listing 3x leveraged version of names already in its stable, like Twitter and Alibaba, thereby offering more trading tools to investors and solidifying its leading position in this field.
Raj Sheth, Sales Director at Leverage Shares commented:
‘’Put simply, as a UK investor I can buy my favourite stocks like Amazon, which trades at $3500 in multiples of £5 from my UK broker account and know that I’m tracking it on a 1-1 basis. The dividends get reinvested and my tax reporting is made simpler. In fact, I can hold the Stock Trackers in an ISA or SIPP with their tax advantages for the long term. I will not pay extra to my broker for forex conversion and can trade them like a normal UK listed stock during UK market times. All this for a low fee of 0.15% per annum.’’
Lida Eslami, Head of Business Development, ETP and IOB, London Stock Exchange, said:
“We are delighted to welcome Leverage Shares back to London Stock Exchange with the listing of their Stock Tracker ETPs, a first for the market, and new 3x leveraged ETPs, all tracking single US stocks. 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.”
Anonymous
June 16, 2021 @ 4:59 pm
4.5