Nicht registriert? Jetzt registrieren.

1. Mein Profil >2. Zusätzliche Informationen

Durch Absenden der Daten bestätigen Sie, dass Sie sich vertraut gemacht haben mit unserer Datenschutzerklärung.

Macro Alerts
2016: Leveraged oil ETFs reach record highs, while investors retreat to gold
25 Jan 2017
Nick Leung, Research Analyst

In which direction did investors and traders predict the markets would move in 2016? Between oil’s climb from multi-year lows, to the uncertainty in equities, currencies and fixed income caused by Brexit, Trump and the Italian referendum, 2016 offered investors and traders plenty of opportunities to express their views. 


Turnover data from our Boost range of products – which tracks in aggregate the short and long positions traders place across our products – has revealed what these views were. Here is where investors and traders placed their bets in 2016:


  • Investors moved to exploit the dramatic recovery in oil, with turnover in Boost’s range of leveraged oil ETFs hitting a record high of $10bn in 2016.
  • Turnover for Boost’s leveraged long US Crude oil jumped from $3.5bn in 2015 to $9.9bn for 2016, with the majority of the inflows coming in the first six months of the year.
  • Turnover on the long side was more than two times that on the short side across Boost’s range of oil products, amidst an environment which saw the oil price recover off lows below $26 a barrel at the start of January last year, to finish 2016 at $54.
  • Other commodities also attracted significant attention. Boost Gold ETPs turnover, in particular, trebled from $194m in 2015 to $661m, suggesting perhaps that traders were assuming political uncertainty would drive some investors into safe havens like gold.
  • The majority of trades in gold were focused on the leveraged long side, with $474m invested in long versus $187m in short positions.
  • Elsewhere, the data reveals that within fixed income markets investors turned against German bunds in 2016, with some $54m of shorts placed via Boost’s range, compared to almost no activity in leveraged long positions, amidst persistently low yields for the debt.
  • Meanwhile, positioning around the US election saw monthly turnover for both long and short positions with a US equities spike in November of $103m and $43m respectively, helping take total turnover in Boost’s S&P 500 products to $777m last year. This was a more than ten-fold increase from the $58m seen in 2015.

What’s in store for 2017? Only time will tell. However, we know our researchers will have a keen eye on Japan (poised to perform?), European markets and the impact of upcoming elections, as well as the US and whether Trump’s pro-growth agenda will meet the expectations of all investors.

Read More

Macro Alerts, Short & Leverage

Previous Post
Dieses Material wurde von WisdomTree und seinen verbundenen Unternehmen erstellt und soll nicht für Prognosen, Research oder Anlageberatungen herangezogen werden. Zudem stellt es weder eine Empfehlung noch ein Angebot oder eine Aufforderung zum Kauf bzw. Verkauf von Wertpapieren oder zur Übernahme einer Anlagestrategie dar. Die geäußerten Meinungen wurden am Herstellungsdatum getätigt und können sich je nach den nachfolgenden Bedingungen ändern. Die in diesem Material enthaltenen Informationen und Meinungen wurden aus proprietären und nicht proprietären Quellen abgeleitet. Daher übernehmen weder WisdomTree, seine Tochtergesellschaften und seine Mitarbeiter, Führungskräfte oder Vertreter weder die Haftung für ihre Richtigkeit oder Zuverlässigkeit noch die Verantwortung für anderweitig auftretende Fehler und Auslassungen (einschließlich Verantwortlichkeiten gegenüber einer Person aufgrund von Fahrlässigkeit). Die Verwendung der in diesem Material enthaltenen Informationen erfolgt nach eigenem Ermessen des Lesers. Wertsteigerungen in der Vergangenheit lassen keinen Schluss auf zukünftige Ergebnisse zu.This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.


Durch Absenden der Daten bestätigen Sie, dass Sie sich vertraut gemacht haben mit unserer Datenschutzerklärung.