WisdomTree FTSE 100 3x Daily Short (3UKS)

Profile

https://www.wisdomtree.eu/en-gb/etps/equities/boost-ftse-100-3x-short-daily-etp

WisdomTree FTSE 100 3x Daily Short is an Exchange Traded Note (ETN) issued by WisdomTree Multi Asset Issuer PLC, domiciled in Ireland. It provides three times the inverse (-300%) daily performance of the FTSE 100 Daily Ultra Short Strategy RT Gross TR Index, which tracks the FTSE 100 index of the UK's largest companies. This leveraged product uses swaps for replication and is fully collateralised, enabling investors to achieve magnified short exposure to the UK benchmark equity index on a daily basis. Notable features include an ongoing charge of 3.99%, a management fee of 0.80%, and an indicative spread of 0.13%, classifying it as a complex financial instrument not subject to UCITS regulations but UCITS eligible. With a fund size around £170.5 million and ISIN IE00B7VB3908, it plays a key role in the derivatives market, offering sophisticated tools for hedging downside risk or speculating on declines in UK large-cap stocks across sectors like finance, energy, and consumer goods.