Triple-leveraged exchange-traded products tied to ARK funds make their debut in London

Exchange-traded products that return three times, in either direction, the underlying performance of ARK Invest's ETFs made their debut on the London Stock Exchange on Tuesday, with the products shortly to be made available on the Euronext Amsterdam and Paris exchanges. Leverage Shares is offering the products based on the ARK Innovation ETF /zigman2/quotes/204808965/composite ARKK -1.44% , the ARK Next Generation Internet ETF /zigman2/quotes/201846852/composite ARKW -2.16% and the ARK Genomic Revolution /zigman2/quotes/206454610/composite ARKG +0.49% . Leverage Shares says the products will only the underlying ETFs, so no swaps or derivatives will be used to gain exposure. The triple-leveraged ETPs carry management fees of 0.75%, and the single-leveraged ETFs charge 0.35% per annum, and are available in dollars, pounds and euros.

/zigman2/quotes/204808965/composite

Add to watchlist ARKK

ARK Innovation ETF

US : U.S.: NYSE Arca

$ 42.41

-0.62 -1.44%

Volume: 39.63M

May 20, 2022 4:00p

/zigman2/quotes/201846852/composite

Add to watchlist ARKW

ARK Next Generation Internet ETF

US : U.S.: NYSE Arca

$ 54.38

-1.20 -2.16%

Volume: 1.85M

May 20, 2022 4:00p

/zigman2/quotes/206454610/composite

Add to watchlist ARKG

ARK Genomic Revolution ETF

US : U.S.: Cboe BZX

$ 32.60

+0.16 +0.49%

Volume: 4.52M

May 20, 2022 4:00p