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For example, if the Long Gilt Rolling Future Index rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However if the Long Gilt Rolling Future Index falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
This is a UCITS eligible and fully collateralised Exchange-Traded Product (ETP) designed to provide investors with a leveraged exposure to Gilts futures contracts. The ETP provides a total return comprised of 3 times the daily performance of the Long Gilt Rolling Future Index (BNSXFGG), plus the interest revenue adjusted to reflect fees and costs associated with the product.