GraniteShares launches a unique range of leveraged trackers on the 10 largest French stocks.

GraniteShares, a global issuer of exchange traded products with more than $ 1.6 billion under management, continues its expansion in Europe with the launch of 20 collateralised trackers (ETPs) on Euronext Paris.

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Autier Benoit GraniteShares

For its arrival in France, GraniteShares achieves a world first by adding to its product range 20 ETPs offering long (+ 3x) and short (-3x) daily leveraged exposures on 10 of the largest French stocks: Airbus, AXA, BNP, Danone, L’Oréal, LVMH, Safran, Sanofi, Schneider Electric, STMicroelectronics and TotalEnergies.

These products are designed to amplify the daily return of an underlying stock, allowing sophisticated investors to express their bullish or bearish convictions on a specific company. These ETPs trade on Euronext Paris during normal hours, with on-screen market makers continuously supporting the liquidity.

GraniteShares was founded in 2016 and quickly established itself as the leader in high conviction products with the launch in London of a new category of collateralized ETPs, offering “Long” and “Short” exposure to US and UK equities.

Benoit Autier, Co-Founder and COO of GraniteShares commented: « The interest of the French market is to be composed of companies operating in a range of sectors subject to diverse macroeconomic drivers. Our long and short leveraged ETPs are particularly well suited to this type of environment. French and European investors now have the opportunity, through a traditional brokerage account, to express their bullish or bearish convictions on 10 of the biggest French stocks. This step strengthens our leadership position in the field of high conviction ETPs »

Source: ETFWorld.co.uk