WisdomTree Europe, best known as a provider of short & leverage (S&L) exchange traded products through the Boost ETP product range, has launched the firm’s first four unleveraged Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE).
The ETCs which cover the most popular commodities of oil, gold and nautral gas are: the Boost WTI Oil ETC (WTID); the Boost Brent Oil ETC (BRND); Boost Gold ETC (GLD); and the Boost Natural Gas ETC (GASD).
Hector McNeil, Co-CEO of WisdomTree Europe, says: “On the back of record demand for oil ETCs, Boost is offering four new unleveraged ETCs, two of which are tracking the world’s two most liquid oil benchmarks of WTI and Brent. The London Stock Exchange was the home of Europe’s first oil ETCs and unleveraged ETCs trade three times more on the LSE than any other European exchange.
“The record USD324m of AUM and USD754m in monthly volumes with trading volumes exceeding USD2.2bn is clear evidence of investors’ appetite for Boost’s unique product offering. The introduction of the four new unleveraged ETCs reinforces Boost’s commitment to UK investors, and Boost hopes to attract new investors as well as cater to existing investors with cost-effective ETCs for longer term investments.”
Viktor Nossek, Director of Research for WisdomTree Europe, says: “The path of US natural gas and crude oil prices ahead is likely to be volatile in the short term against an uncertain global macro backdrop. In the longer term, commodities may regain strength as uncertainty in the Middle East ebbs, emerging markets deleverage, and early signs of Europe recovering translate into a more upbeat sentiment on energy commodities. Boost’s new unleveraged ETCs offer investors the chance to take a long term view that the price of these commodities will rise.”