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WisdomTree launches enhanced commodity ex-agriculture ETF


ETF issuer WisdomTree has added to its commodities product range with the launch of WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF – EUR Hedged (EXAG) on the Börse Xetra with a management expense ratio of 0.35 per cent.

EXAG is designed to track the performance, before fees and expenses of the Morgan Stanley RADAR ex Agriculture & Livestock Commodity Total Return Index. The Index provides a broad and diversified commodity exposure, covering Energy, Industrial Metals and Precious Metals, including Platinum and Palladium.

Nitesh Shah, Director of Research, Europe, WisdomTree says: “This year has seen a resurgence of interest in commodities. A post-covid economic recovery, which will lean on increased infrastructure spending, is starting to take shape along with increased inflationary expectations. Commodities have historically been one of the best inflation hedges, add a supply shortage for important metals used in infrastructure projects like copper, and you have an environment which could see commodities flourish. Many investors have been questioning whether we are at the start of a new commodities super-cycle. While it may be too early to tell, there are multiple tailwinds for the asset class capturing the attention of investors.”

Net flows into broad commodity ETPs globally stand at USD11.1 billion year to date. Gaining exposure to commodities has become an increasingly important feature in the investment landscape, as investors become more aware of the importance of raw materials in supporting global economic growth. EXAG allows investors to access broad enhanced commodities exposure through an ETF, WisdomTree says.

Alexis Marinof, Head of Europe, WisdomTree says: “Commodities are front of mind for investors due to historically having a positive correlation with inflation. Following proactive engagement with clients, we designed EXAG to meet the specific needs of investors who do not want exposure to agricultural and livestock commodities, but still want an enhanced commodities strategy. By combining insights from institutional investors with our deep knowledge of commodities, we are able to deliver unique exposures which help investors navigate dynamic market conditions. As the leader in commodity ETPs, we will continue to build on our differentiated product range to help investors meet their investment goals.”

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