BOOST ETP, the newest entrant to the European exchange traded products market, has chosen FTSE benchmarks for the creation of a new range of exchange traded products. Boost ETP was launched in October 2012 by Hector McNeil and Nik Bienkowski, two veterans of the European ETF industry, who saw an opportunity for an independent issuer focused on a specialised product range and on transparency.
Earlier this year, FTSE established a dedicated ETP service unit to support its rapidly expanding global ETF business, which includes more than 300 ETF listings on over 20 exchanges worldwide. Globally, more than US $124 billion of ETF assets are currently benchmarked against FTSE indices or will transition to FTSE indices in coming months.
Hector McNeil, Co-CEO of BOOST ETP LLP, said: “We are delighted to launch our first range of products on FTSE benchmarks and we believe that the leveraged and short ETPs are exciting additions to the European ETP market. We look forward to working with FTSE Group.”
Sudir Raju, Managing Director of ETP Relationships, FTSE Group, said: “This is an important new relationship for FTSE and we are delighted that BOOST has chosen to work with us in the development of their product suite. Our focus on service provision, tradability and index governance makes FTSE a natural choice for issuers worldwide who seek to expand investor choice with world class products.