Innovative Exchanged Traded Products (ETPs) provider GraniteShares has passed the $4 Billion assets under management milestone as investors increasingly focus on opportunities to generate outsized returns.
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Will Rhind, Founder and CEO at GraniteShares
- Trading volumes hit a record high in Europe and the US
The global ETP issuer, which launched in the US in 2017, has seen its total AUM double in the past month and a half – it started February at $2 billion AUM – as demand for single stock leveraged ETPs continues to grow.
US growth is being translated to Europe where GraniteShares offers a range of ETPs listed on national exchanges in the UK, France, Italy, and Germany.
Trading volumes are increasing rapidly with European investors going long and short on a range of stocks making full use of GraniteShares’ product range.
Its top five performers in Europe for AUM include both its 3x Short Tesla Daily ETP and its 3x Long Tesla Daily ETP as well as its 3x Long Rolls-Royce Daily ETP, 3x Long NVIDIA Daily ETP and 3x Long MicroStrategy Daily ETP.
Top performers for returns last year earned investors more than 1,800% with GraniteShares 3x Long NVIDIA Daily ETP (3LNV) gaining 1824.47% and GraniteShares 3x Long MicroStrategy Daily ETP (3LMI) adding 1401.66%.
Will Rhind, Founder and CEO of GraniteShares, said: “The $4bn in AUM is another major milestone for our business. Our offering of high conviction ETPS is proving more popular than ever as investors seek to capitalise on opportunities in the market.
“For the longer term it seems clear that AI and crypto related stocks are set to be the major themes of the year ahead with NVIDIA, Coinbase and Microstrategy other stocks to watch.”
GraniteShares’ 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. ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.
Source: ETFWorld.co.uk
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