Leverage Shares has cut the management fees on a trio of its short Tesla ETPs to 0 basis points ahead of the planned second stock split from the company.
Leverage Shares 1x, 2x and 3x Short Tesla ETPs will all offer 0% management fees for at least six months until 30 September 2022, with the potential for extending the offer. Tesla investors are looking the other way on Elon Musk 'red flags' The move comes prior to a potential second stock split from the Elon Musk-headed firm, which has recently revealed plans for the move. Commercial director at Leverage Shares Raj Sheth said: "We wanted to make our investors aware that, at this frothy Tesla prices, our short Tesla ETPs can be useful tools to hedge any long-term exposures to Tesla ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
