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ETF Strategy announced that London’s Boost has launched the Boost Palladium 1x Short Daily ETP and the Boost Palladium 2x Leverage Daily ETP. Respectively, these exchange-traded products (ETPs) offer short and leveraged exposure to the metal.
ETF Strategy announced that London’s Boost has launched the Boost Palladium 1x Short Daily ETP and the Boost Palladium 2x Leverage Daily ETP. Respectively, these exchange-traded products (ETPs) offer short and leveraged exposure to the metal.
As quoted in the market news:
Boost’s new palladium products, the Boost Palladium 1x Short Daily ETP (1PAS) and Boost Palladium 2x Leverage Daily ETP (2PAL), which offer short and leveraged exposure to palladium respectively, allow investors to capitalise on these price moves – whether positive and negative. For example, if palladium rises by 1% on a particular day, then the Boost Palladium 2x Leverage Daily ETP (2PAL) will rise by 2% and the Boost Palladium 1x Short Daily ETP (1PAS) will fall by 1%. However, if palladium falls by 1%, then 2PAL will fall by 2% but 1PAS will rise by 1% (excluding fees).