London, UK – 18 May 2022 – Leverage Shares, a pioneer in the market of single-stock trackers, short and leveraged Exchange Traded Products (ETPs), today has cut the management fees to zero on its Leverage Shares -3x Short NIO ETP (XS2399365555), the ETP that provides short exposure to NIO. Leverage Shares is the only provider in Europe that offers physical replication of short and leveraged ETPs, and among the first to offer 0 bps (0%) management fees on equity ETPs.

As of 30th March, this “fee holiday” is also being offered to those looking to short exposure on Tesla. The affected ETPs are:

• Leverage Shares -3x Short Tesla ETP (XS2337090265)
• Leverage Shares -2x Short Tesla ETP (XS2297550134)
• Leverage Shares -1x Short Tesla ETP (IE00BKT6ZH01)

Those 0% management fees will be maintained at least until 30th September 2022, with the possibility of extending it beyond this date.

The firm’s short and leveraged ETPs may be an efficient way for investors to trade with mitigated risk as they do not require a margin account, limiting the downside only to the amount invested.

Raj Sheth, Commercial Director at Leverage Shares, states, “It’s great to be able to widen the range of our physically backed 0% fee ETPs. This offers easier and cheaper access to investors who believe that electric vehicle firms are overhyped and overpriced. That’s the very ethos behind Leverage Shares – allowing investors to act on their own convictions as to the direction of well-known stocks via our extensive ETP range. We are also educating the public on how to use our short ETPs to hedge long term exposures, which in this case could be to electric vehicles.”

Leverage Shares’ other ETPs mimic the daily return of an underlying asset multiplied by a leverage factor of +5x, +3x, +2x, -1x, -2x, -3x, and single-stock trackers. They provide leveraged and delta one (1:1) exposure to globally popular names including Berkshire Hathaway, Amazon, Alibaba, Microsoft and Netflix, as well as FTSE100 equities, such as Vodafone.