ETF/ETP provider Boost has cross-listed several Oil ETPs initially listed on the Borsa Italiana. The new cross-listings bring to London three times short and leverage exposure to Brent, complementing the existing three times S&L ETPs on WTI.
The firm writes that bringing additional short and two times S&L products on WTI adds further flexibility to a product range that includes the lowest cost unleveraged exposure to WTI and Brent, through a secure and over-collateralised ETP structure.
The firm writes that since the start of the year, it has had five ETPs in the top ten most traded commodity S&L ETPs on Borsa Italiana, while as a whole, Boost’s commodity ETPs in this segment have commanded a market share of 68.9 per cent.
Viktor Nossek, (pictured) Director of Research at WisdomTree Europe, says: “Oil remains an important area of investor interest due to its macro-economic and geopolitical characteristics. The record traded turnover this year of close to USD2.4 billion in the Boost WTI three times Oil S&L ETPs, on Borsa Italiana, is a testament to the efficiency and attractiveness of these products for investors looking to take short term tactical views on the price of oil. We expect the oil price to continue to primarily reflect the recovery in economic activity in emerging markets.”
Nizam Hamid, ETF Strategist at WisdomTree Europe, says: “As a firm we are committed to providing investors with comprehensive solutions in the commodity space and these cross-listings further increase the flexibility of our offering with listings on the LSE being in USD and GBP. Since the beginning of the year, in addition to record turnover, we have seen a 43 per cent increase in AUM in our Oil ETPs to USD223 million, equivalent to an underlying notional of USD664 million. By offering unleveraged, short and leveraged exposures on WTI and Brent, investors can efficiently manage their portfolio allocation and positioning to oil.”