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Crude oil ETF launched by AccuShares

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ETF provider AccuShares is introducing an ETF designed to provide  a better way for investors to capture the volatility in crude oil pricing and markets. 

The fund’s two share classes,  the AccuShares S&P GSCI Crude Oil Excess Return Up Shares and the AccuShares S&P GSCI Crude Oil Excess Return Down Shares, address known shortcomings with existing exchange-traded products in the oil market.
 
The firm writes that benefits to investors include the lowest annual expense ratio of any Crude Oil ETF at 0.29 per cent; Inverse Exposure with no daily rebalancing impact because the point to point measurement period means that OILD is not subject to the daily rebalance drawback of other inverse ETFs.
 
The funds have no K-1s. The firm writes that unlike funds that transact in futures contracts and issue K-1s, tax reporting is through Form 1099. There are no direct futures trading costs because the funds hold only cash and cash equivalents. There is no margin account for inverse exposure, no Swaps or other derivatives.
 
“Billions of dollars have been invested in oil exchange-traded products over the past few years, but investors have often found themselves frustrated by the cost and efficiency of the prducts available to gain exposure to this markets,” says Jack Fonss, chief executive officer and co-founder of AccuShares.
 
 

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