WisdomTree Broadens Boost Range of Oil ETPs with Cross-Listings on the London Stock Exchange
Monday 20th June '16
London, 20 June 2016: Boost ETP, Europe’s award winning, specialist Short and Leverage (S&L) Exchange-Traded Product (ETP) provider today announced it has cross-listed several Oil ETPs, creating a comprehensive suite of products focussed on this important part of the commodity space. These ETPs, initially listed on the Borsa Italiana, have enjoyed great success and have contributed to Boost’s market leading position in Short and Leverage commodity ETPs.
|Listing Name||ISIN||Trading Currency||Ticker|
|Boost WTI Oil 1x Short Daily ETP||IE00BVFZGF35||USD||OILZ|
|Boost WTI Oil 1x Short Daily ETP||IE00BVFZGF35||GBx||OIZL|
|Boost WTI Oil 2x Short Daily ETP||IE00BVFZGH58||USD||2OIS|
|Boost WTI Oil 2x Short Daily ETP||IE00BVFZGH58||GBx||2OSI|
|Boost Brent Oil 3x Short Daily ETP||IE00BYTYHR65||USD||3BRS|
|Boost Brent Oil 3x Short Daily ETP||IE00BYTYHR65||GBx||3BSR|
|Boost WTI Oil 2x Leverage Daily ETP||IE00BVFZGG42||USD||2OIL|
|Boost WTI Oil 2x Leverage Daily ETP||IE00BVFZGG42||GBx||2OLI|
|Boost Brent Oil 3x Leverage Daily ETP||IE00BYTYHS72||USD||3BRL|
|Boost Brent Oil 3x Leverage Daily ETP||IE00BYTYHS72||GBx||3BLR|
Since the start of the year, Boost has had five ETPs in the top 10 most traded commodity S&L ETPs on Borsa Italiana, whilst as a whole, Boost’s commodity ETPs in this segment have commanded a market share of 68.9%. The new cross-listings bring to London 3x short and leverage exposure to Brent, complementing the existing 3x S&L ETPs on WTI. Bringing additional short and 2x 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.
Viktor Nossek, Director of Research at WisdomTree Europe, commented:
“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 $2.4bn in the Boost WTI 3x Oil S&L ETPs, on Borsa Italiana, is a testament to the efficiency and attractiveness of these products for investors looking to take short term tactical views on the price of oil. We expect the oil price to continue to primarily reflect the recovery in economic activity in emerging markets.”
Nizam Hamid, ETF Strategist at WisdomTree Europe, commented:
“As a firm we are committed to providing investors with comprehensive solutions in the commodity space and these cross-listings further increase the flexibility of our offering with listings on the LSE being in US$ and Gbp. Since the beginning of the year, in addition to record turnover, we have seen a 43% increase in AUM in our Oil ETPs to $223m, equivalent to an underlying notional of $664m. By offering unleveraged, short and leveraged exposures on WTI and Brent, investors can efficiently manage their portfolio allocation and positioning to oil.”
Notes to Editors
About WisdomTree Europe Ltd.
WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe and Japan (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. Through WisdomTree Europe Ltd, it sponsors WisdomTree UCITS ETFs and Boost short and leverage ETPs. WisdomTree currently has approximately $43.2 billion (as of 31 May 2016) in assets under management globally. For more information, please visit www.wisdomtree.com.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.