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Boost rebrands Russell 1000 ETPs
by Robert St George on Feb 20, 2014 at 12:31
Boost ETP’s long and short products tracking the Russell 1000 are to be rebranded, with the index's name to be dropped.
From 24 February the Boost Russell 1000 3x Short Daily ETP will become the Boost US Large Cap 3x Short Daily ETP, and the Boost Russell 1000 3x Leverage Daily ETP will turn into the Boost US Large Cap 3x Leverage Daily ETP.
‘The name change makes it very clear what the product does, and we felt that this was important for the product as we cross list in new markets - such as Italy - and expand the platform in to new indices and additional leverage factors,’ said Nik Bienkowski (pictured), co-chief executive of Boost ETP.
The changes will not affect any other part of the funds’ operation.
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