Going long on leveraged single stock ETPs offered the potential of annual returns of more than 2,700% last year, new data from GraniteShares a global issuer of Exchange Traded Products (ETPs) with more than $9 billion under management, shows.
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Will Rhind, Founder and CEO at GraniteShares
- GraniteShares best performer 3X Palantir (3LPA) returned an astonishing 2,715.94%
Technology and AI stocks lead the way with enterprise software company Palantir Technologies delivering returns of 2,715.94% for investors going three times long, and with chipmaker Nvidia returning 688,72% in 2024.
The rest of the top five performers was made up by Spotify and Netflix with UK-listed Barclays Bank also delivering strong returns.
GraniteShares is predicting that the big tech and Magnificent Seven companies that produced strong returns in 2024 will continue to perform strongly in the year ahead with US equities continuing to achieve new hights in the New Year. It believes there are several factors that could see strong continued growth in U.S. equities this year, and these include a potential increase in market liquidity: a low risk of a recession in the US, a tight labour market and strong personal spending, and the continued AI revolution.
The table below shows the top five performers in 2024 based on GraniteShares’ data.
| ETP | 2024 GAIN |
| 3x Long Palantir | +2715.94% |
| 3x Long Nvidia | +688.72% |
| 3x Long Spotify | +687.34% |
| 3x Long Netflix | +356.43% |
| 3x Long Barclays | +292.92% |
Will Rhind, Founder and CEO of GraniteShares, said: “A major focus for investors throughout the year has been the potential to achieve higher returns from sectors such as AI, technology and crypto, and that is demonstrated in the performance of the top five ETPs of the year. Using our ETPs, sophisticated investors can take long and short positions on individual popular stocks, to exploit tactical opportunities and also profit from potential declines.
“Our ETPs are designed for short-term investment horizons but can also be held very profitably over longer periods, where the compounding effect of the daily leverage can be beneficial if there is a clear trend. ”
Source: ETFWorld.co.uk
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