Leverage Shares - Relay Race ETP
RRRR.L
London Stock Exchange- -
EUR
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 2nd Floor, Block 5, Irish Life Centre, Abbey Street Lower Dublin Ireland D01 P767
- IPO Date
- Jul 7, 2025
- Website
- leverageshares.com
- Similar Companies
- Business
- Relay Race ETP (RRRR.L) is a collateralised exchange traded product issued by Leverage Shares Public Limited Company that pursues the Relay Race Investment Strategy to achieve long-term growth by capitalising on market inefficiencies triggered by significant corporate events in U.S. equities, primarily small- and mid-cap stocks, with a typical holding period of one to two days. The strategy employs event-driven trading focused on catalysts including capital increases, initial public offerings, mergers and acquisitions, changes in beneficial ownership, analyst reports, and quarterly or annual results, predominantly taking long positions but occasionally short positions; when event-driven opportunities are limited, it reallocates exposure to U.S. exchange-traded funds such as the SPDR S&P 500 ETF Trust, Invesco QQQ Trust Series 1, and iShares Russell 2000 ETF. The ETP Securities, denominated in EUR with a principal amount of EUR 10 per security, are traded on the Main Market of the London Stock Exchange, listed on the UK Official List maintained by the Financial Conduct Authority, and cleared through Euroclear and Clearstream, Luxembourg, with assets held in a dedicated margin account collateralised against U.S. equities and ancillary assets including short-term sovereign debt rated at least A-1/P-1/F1. Leverage Shares Public Limited Company, incorporated in Ireland in 2015 (company number 597399) and headquartered at 2nd Floor, Block 5, Irish Life Centre, Abbey Street Lower, Dublin 1, D01 P767, Ireland, serves as the issuer under its Collateralised Exchange Traded Securities Programme, with all shares held on trust by Monument Trustees Limited for charitable purposes; the company maintains total assets of approximately USD 2.05 billion as of June 30, 2024, and operates without direct ownership or control by other Programme parties. The Relay Race ETP series (ISIN: XS3068791030), with a final redemption date of June 26, 2075, was issued on June 26, 2025, pursuant to Final Terms under the Base Prospectus dated June 23, 2025, approved by the Central Bank of Ireland, enabling non-exempt offers in Ireland, Italy, Germany, France, Spain, the Netherlands, Poland, Belgium, Sweden, and Norway for 12 months from the Base Prospectus date through authorised participants listed on the issuer's website. The product features an arranger fee of 2.50% per annum on ETP Security Value plus a 10% performance fee on new highs (excluding the performance fee itself), alongside funding, brokerage, and other costs passed to investors, with GWM Limited acting as portfolio administrator and broker-dealer of record, U.S. Bank Europe DAC as issuing and paying agent and registrar, and Apex Corporate Trustees (UK) Limited as trustee. As of recent data, assets under management stand at approximately EUR 7.53 million, with 752,950 shares outstanding and a net asset value around EUR 9-10 per share. Trading occurs primarily in Europe, targeting institutional and professional investors seeking low-correlation exposure to U.S. event-driven equities, distinct from value or technical strategies by leveraging real-time signals during periods of heightened event frequency, such as market downturns.