Factsheet
Alibaba - E-commerce Juggernaut
26 May, 2022 | GraniteShares
3LAA
3x Leverage Alibaba (BABA) ETP
Leverage the daily return of Alibaba Group Holding Limited (BABA) stocks with 3x Long Alibaba ETP. Available for trading on Borsa Italiana, London Stock Exchange.
3LAA Product Description
GraniteShares 3x Long Alibaba Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x long Alibaba Index that seeks to provide 3 times the daily performance of Alibaba Group Holding Limited shares.
For example, if Alibaba Group Holding Limited rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Alibaba Group Holding Limited falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.
GraniteShares +3x Alibaba is available in EUR,GBP,USD
Key Facts
Related Products
Related Research
3x Leverage Alibaba (BABA) ETP OVERVIEW
ETP SECURITY OVERVIEW
Base Currency
USD
Listing Date
02 Feb 2022
Dividend Treatment
Reinvested
Exchange Ticker
3LAA (EUR) / 3LAA (USD) / LAA3 (GBP)
Index Name
Solactive Daily Leveraged 3x long Alibaba Index
DAILY PERFOMANCE (AS OF 26 Sep 2023)
Value Per ETP Security
0.21037689 USD
Daily Change
-0.01003600 USD
Daily Return
-4.55%
AUM
947,117 USD
STRUCTURE
Structure
ETP
Replication Method
Synthetic
Domicile
Ireland
ACCOUNT ELEGIBILITY AND TAX STATUS
ISA
Eligible
SIPP
Eligible
UK Reporting Status
Pending
KEY SERVICE PROVIDERS
Issuer
GraniteShares Financial Plc
Issuing and Paying Agent
The Bank of New York Mellon, London Branch
Trustee
BNY Mellon Corporate Trustee Services Ltd
Swap Provider
Natixis
Swap Collateral Custodian
The Bank of New York Mellon SA/NV
Auditor
Grant Thornton
REGISTERED COUNTRIES
UK
Ireland
PASSPORTED COUNTRIES
Belgium
Finland
France
Germany
Italy
Netherlands
Portugal
Spain
Sweden
LISTING AND CODES for 3x Leverage Alibaba (BABA) ETP
| Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | 3LAA | XS2435549857 | ||
| London Stock Exchange | GBP | LAA3 | XS2435549857 | BMHWFD0 | |
| London Stock Exchange | USD | 3LAA | XS2435549857 | BMHWD70 |
INDEX & PERFORMANCE of 3x Leverage Alibaba (BABA) ETP
INDEX DETAILS
Index Name
Solactive Daily Leveraged 3x long Alibaba Index
Base Trading Currency
USD
Index Provider
Solactive
Index Ticker
DE000SL0E4F0
Leverage Factor
3x
Download performance history
View performance chart| 1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
|---|
COLLATERAL Details of 3x Leverage Alibaba (BABA) ETP
Collateral Coverage Ratio
100%
Collateralised
Yes
Collateral Custodian
The Bank of New York Mellon SA/NV
Understanding Collateral
Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.
