Since Monday, two ETNs issued by GraniteShares Financial have been tradable on Xetra and via Börse Frankfurt for the first time.
With the two exchange-traded notes (ETNs) from GraniteShares, investors are participating for the first time in the performance of a US stock basket consisting of the Big Five US technology stocks, FAANG. FAANG stands for Facebook, Amazon, Apple, Netflix, and Google, which are equally weighted.
The GraniteShares FAANG ETP tracks positive price performance, while the GraniteShares 1x Short FAANG Daily ETP tracks inverse performance, each with a leverage factor of one.
|Name||Asset class||ISIN||Management fee||Reference index|
|GraniteShares FAANG ETP||ETN||XS2305050556||0.69 per cent||Solactive FAANG Equal Weight TRN Index|
|GraniteShares 1x Short FAANG Daily ETP||ETN||XS2305051109||0.99 per cent||Solactive Daily Leveraged 1x short FAANG Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,807 ETFs, 170 ETCs and 77 ETNs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.