Graniteshares is European Market Leader in Leveraged Single Stock ETPs
Will Rhind, Founder and CEO at GraniteShares
ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK, US, and French stocks, has doubled assets under management to $200 million in Europe in just six months on its range of products.
It hit the $100 AUM milestone in April this year and has continued to build driven by new products and expansion with its products listed on the London Stock Exchange and from September on Euronext in Paris.
New products have included the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor also known as the ‘Chinese Tesla’, and its ground-breaking conviction tech ‘basket’ products – the world’s first FAANG, GAFAM and FATANG ETPs.
On Euronext its products include ETPs focused on the future of electric vehicles as well as the 10 largest French stocks Airbus, AXA, BNP, Danone, L’Oréal, LVMH, Safran, Sanofi, Schneider Electric, STMicroelectronics and Total.
GraniteShares is also seeing record levels of trading in its leveraged and short LSE listed ETPs. In Q3 2021, $300 million was traded, a 43% increase compared to the volume seen in Q4 of 2020.
Hitting $200 million is the latest stage in the expansion at GraniteShares which listed its first 3x short and 3x leveraged ETPs on 11 FTSE 100 stocks two years ago followed by ETPs on US tech stocks in July 2020.
Will Rhind, Founder and CEO of GraniteShares, said: “The doubling of our European AUM in just six months underlines the significant and growing demand for this new and exciting category of ETPs.
“Trading volumes across our range of products is increasing rapidly demonstrating how sophisticated investors are increasingly adopting strategies which used to be exclusive to institutional investors. More generally the growth in our platform has been driven by an increasing interest in investing throughout the pandemic and now re-opening.”
GraniteShares currently offers 54 exchange traded products (ETPs) listed on the London Stock Exchange and 62 on Euronext. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and French markets.
Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google
ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.