WisdomTree Europe’s Boost WTI Oil 3x Leverage Daily ETP (3OIL) reached USD67m of AUM on 25 February 2015.
Boost’s ETCs are listed on the London Stock Exchange, Borsa Italiana and the Deutsche Börse Xetra platform.
Boost’s ETPs hit a new record of USD655m in trading volumes in February, adding up to a notional volume close to USD1.95bn. Boost also reached a record of USD251m in AUM, or USD730m in notional terms. The leading product in the Boost suite of oil products is 3OIL which traded USD273m in February. Trading volumes in Boost’s platform have been on a clear growth trend, with monthly turnover quadrupling over the past 6 months.
Hector McNeil Co-CEO of WisdomTree Europe, says: “3OIL has been a spectacular success. Feedback from clients has been very complementary and they clearly see 3OIL and 3OIS as the product of choice for trading the volatility in the oil markets. 3OIL’s traction with investors is particularly impressive as it has usurped well established and existing products across Europe and multiple ETP providers to become the most liquid leveraged oil ETP.
“Achieving USD67m of AUM equal to USD200m of exposure is a major landmark for WisdomTree Europe as this is our first ETP to break the USD50m AUM level. We are also seeing growth across our other commodity, equities, currencies and fixed income ETPs.”
WisdomTree Europe’s Director of Research, Viktor Nossek, says: “As investors assess the discounted levels of energy prices against an uncertain global macro backdrop, oil prices are likely to be less directional and more volatile. The cold weather in the US and more upbeat assessments of future global demand conditions for energy have cut short the downtrend in crude oil. However, as oil futures zigzag amidst an uncertain outlook, investors looking to leverage their exposure to oil should consider switching between both bullish and bearish ETCs over short holding periods.”