The new ETCs will track indices from the NASDAQ Commodity Index FamilySM. Among the new products are two tracking palladium, the Boost Palladium 1x Short Daily ETP (1PAS) and Boost Palladium 2x Leverage Daily ETP (2PAL).

The automotive sector consumes approximately 67 per cent of world palladium supply, primarily for making catalytic converters. As the number of light vehicle cars is expected to grow by 23 per cent to exceed 100 million by 2017, the demand for palladium in both developed and emerging market economies is expected to remain strong. Moreover, concerns over depleted stock levels in Russia, labour disputes with mine workers in South Africa and an industry under pressure to consolidate as production costs exceed palladium spot price have translated into a global palladium supply shortfall of 6 per cent, the firm said.

BOOST ETP said that copper and aluminium are down 14 per cent while silver, a precious metal with significant industrial use, is down 35 per cent. Since 2008 however, palladium is up 80 per cent while copper and aluminium have fallen by 2 per cent and 25 per cent, respectively. If industrial metals have largely been a play on China, palladium has been reaping the rewards of its application in innovative technologies and jewellery production.

Boost ETP’s new ETCs comprise: Boost Palladium 1x Short Daily ETP, Boost Palladium 2x Leverage Daily ETP, Boost Gold 2x Short Daily ETP, Boost Gold 1x Short Daily ETP, Boost Gold 2x Leverage Daily ETP, Boost Silver 2x Short Daily ETP, Boost Silver 2x Leverage Daily ETP, Boost Natural Gas 2x Short Daily ETP, and Boost Natural Gas 2x Leverage Daily ETP.

In addition, BOOST is launching additional leverages (-2x and 2x, and also -1x for gold) to complement its existing suite of ETCs tracking gold, silver and natural gas. Given the recent collapse in precious metal prices, BOOST’s range of 3x short and 3x leverage ETCs have been extremely strong performers, the firm said. YTD BOOST Silver 3x Short Daily ETP (3SIS) is up 128 per cent and Boost Gold 3x Short Daily ETP (3GOS) is up 130 per cent, the firm said.

"We have worked very closely with NASDAQ OMX on the listing of our new products. Since 2008, the palladium price has risen 80 per cent, despite copper and aluminium prices falling by 2 per cent and 25 per cent, respectively. China’s growth, the developments in the autocatalytic converter market for cars, and the rebound in the world economy, makes palladium a very interesting metal for investors," said Hector McNeil, Co-chief executive.

In other recent developments, earlier in the month BOOST ETP listed five new FTSE products in its range of equity short and leveraged ETPs, bringing its total number of equity ETPs to 17.  

BOOST’s product platform now includes 25 ETCs and 17 equity ETPs.