WisdomTree expands Boost range of oil ETPs

Construction-Energy-Oil-Fuel-700x450.jpgWisdomTree Europe has expanded its Boost range of oil exchange-traded products on the London Stock Exchange, initially listed on the Borsa Italiana.

The five ETPs have short and leveraged exposures on WTI and Brent.

WisdomTree already has five ETPs listed on the Borsa Italiana which have commanded a market share of 68.9 per cent in the segment.

WisdomTree Europe Viktor Nossek director of research says: “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.

WisdomTree Europe ETF strategist Nizam Hamid says: “Since the beginning of the year, in addition to record turnover, we have seen a 43 per cent 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.”