GraniteShares (graniteshares.com), a global issuer of exchange traded products with more than $ 1.6 billion under management, continues its expansion in Europe with the launch of 6 trackers (ETPs) collateralised on equities focusing on the future of electric vehicles. Electric vehicles (EV) theme has become central in discussions on climate change.
GraniteShares now allows investors to take long and short positions and with leverage effects on manufacturers specializing in EV, such as Tesla and NIO , or who are gradually orienting their offer in this direction, like Volkswagen.
The products offered by GraniteShares are designed to amplify the daily return of a benchmark, while benefiting from the advantages offered by an ETP, including continuous listing on a regulated market. The amplifying effect of these ETPs is obtained by a long coefficient of +3 or a negative coefficient (“short”) of -3, thus allowing sophisticated investors to express their bullish or bearish convictions on a specific value.
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.
Investments in electric vehicle manufacturers have garnered strong investor interest in recent years and reflects the speed at which global auto production is changing. We have chosen 3 manufacturers: Tesla and NIO which are specialized in the sector and Volkswagen which invests enormously to develop its offer. Investors can now express their view on these manufacturers by taking long or short positions through ETPs available in a traditional securities account. GraniteShares is the first company in the industry to provide such targeted exposures. Finally, it is essential for GraniteShares to extend access to its products to investors. Euronext is a privileged listing place for European investors and we are proud to have listed our products there.Benoit Autier, Co-Founder and COO of GraniteShares