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WisdomTree Europe's first ETP to exceed $67m of AUM is Boost WTI Oil 3x Leverage Daily ETP (3OIL)

Tuesday 03rd March '15

  • 3OIL Assets Under Management (AUM) reached a record $67M, driven by flows of $58M YTD as price volatility of oil increases 3OIL becomes WisdomTree Europe’s first ETP to exceed $50m of AUM in Boost ETPs
  • Implies investors are bullish on oil as the ratio between long and short AUM reaches 10 to 1
  • With the price of WTI oil hitting $44bn, Boost’s S&L oil ETPs traded over $1bn in February, nearly 50% more than any other issuers’ S&L ETPs 
  • Total notional volume across the Boost platform hit a record of $1.95bn in February

London, 03 March 2015: WisdomTree Europe, an exchange traded fund (“ETF”) and exchange traded product (“ETP”) sponsor, and specialist in short and leverage (“S&L”) ETPs through the Boost ETP product range, is proud to announce Boost WTI Oil 3x Leverage Daily ETP (3OIL) reached $67m of AUM on 25 February 2015 and its range of oil S&L exchange traded commodities (“ETCs”) is now the most liquid in Europe. Boost’s ETCs are listed on the London Stock Exchange, Borsa Italiana and the Deutsche Börse Xetra platform.

Boost’s ETPs hit a new record of $655m in trading volumes in February, adding up to a notional volume close to $1.95bn. Boost also reached a record of $251m in AUM , or $730m in notional terms. The leading product in the Boost suite of oil products is 3OIL which traded $273m in February. Trading volumes in Boost’s platform have been on a clear growth trend, with monthly turnover quadrupling over the past 6 months. 

Hector McNeil Co-CEO of WisdomTree Europe had this to say:

“3OIL has been a spectacular success. Feedback from clients has been very complementary and they clearly see 3OIL and 3OIS as the product of choice for trading the volatility in the oil markets. 3OIL’s traction with investors is particularly impressive as it has usurped well established and existing products across Europe and multiple ETP providers to become the most liquid leveraged oil ETP.

Achieving $67m of AUM equal to $200m of exposure is a major landmark for WisdomTree Europe as this is our first ETP to break the $50m AUM level. We are also seeing growth across our other commodity, equities, currencies and fixed income ETPs.”

WisdomTree Europe’s Director of Research, Viktor Nossek, commented: 

“As investors assess the discounted levels of energy prices against an uncertain global macro backdrop, oil prices are likely to be less directional and more volatile. The cold weather in the US and more upbeat assessments of future global demand conditions for energy have cut short the downtrend in crude oil. However, as oil futures zigzag amidst an uncertain outlook, investors looking to leverage their exposure to oil should consider switching between both bullish and bearish ETCs over short holding periods.”

Boost’s growth has been driven by product innovation and a focus on proactively educating investors about the benefits and risks of using S&L ETPs. The many different investment strategies that investors can employ also add to the usefulness of the product. Having recently launched 3x short and 3x leveraged fixed income ETPs and also a 5x short and 5x leveraged EUR-USD ETP, Boost now offers ETPs covering all the major indices across equities, commodities, fixed income and currencies. Boost ETP’s product range totals 95 listings on London Stock Exchange, Borsa Italiana, and Germany’s Xetra.



WisdomTree Europe Ltd is an appointed representative of Mirabella Financial Services LLP which is authorised and regulated by the Financial Conduct Authority. 

The value of an investment in ETPs may go down as well as up and past performance is not a reliable indicator of future performance. An investment in ETPs is dependent on the performance of the underlying index, less costs, but it is not expected to match that performance precisely. ETPs involve numerous risks including among others, general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETP, exchange rate risks, interest rate risks, inflationary risks, liquidity risks and legal and regulatory risks. 

ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short term view on the underlying indices. As a consequence, WisdomTree Europe Ltd is not promoting or marketing BOOST ETPs to Retail Clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Within the United Kingdom, this document is only made available to professional clients and eligible counterparties as defined by the FCA. Under no circumstances should this document be forwarded to anyone in the United Kingdom who is not a professional client or eligible counterparty as defined by the FCA. This marketing information is intended for professional clients & sophisticated investors (as defined in the glossary of the FCA Handbook) only.

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