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DB008,
Thanks for your message.
The product development team at BetaShares is currently evaluating a pipeline of new ETFs, including those in the commodities space. We will most certainly let you know as and when new products are launched.
BetaShares is committed to bringing out more product to fill the gaps currently endemic in the Australian ETF landscape, so there are indeed more ETFs on the way.
For example, on Monday we will be launching further currency ETFs in our currency series - being EEU (Euro ETF) and POU (British Pound ETF).
Many thanks,
BetaShares Client Services
Euro ETF has been added to Betashares (asx:EUU)
Oil ETF coming soon to Betashares (asx:OOO)
Copper ETF coming soon to Betashares (asx:QCP)
Betashares Capital Limited ASX Announcement
Just to let you know, the EEU (Euro ETF) has Euros held with JP Morgan, not RBC Dexia.
What do people think about the Oil ETF?
My understanding is that there will be a mixed agricultural ETF coming soon too.
Only a good thing for the average retail investors.
BetaShares today announced the launch of the first oil exchange traded fund (ETF) on the Australian Securities Exchange – expanding the investment options available to Australian retail and institutional investors.
The ETF, which will trade under the ASX code “OOO”, aims to track the performance of the S&P GSCI Crude Oil Index.
The Index tracks the performance of West Texas Intermediate (“WTI”) crude oil futures traded on the New York Mercantile Exchange.
The ETF is currency hedged, substantially eliminating the impact of movements in the AUD/USD exchange rate to provide a purer oil exposure.
Prior to the introduction of this ETF, the only way for investors to gain access to the performance of oil was via complicated instruments such as futures or CFDs, or indirectly via shares in oil companies.
The launch of Australia’s first oil ETF is in line with the company’s goals of increasing product choice for Australian investors and delivering exposure to asset classes previously difficult to access.
Investment Objective
The BetaShares Agriculture ETF aims to track the performance of the S&P GSCI Agriculture Enhanced Select Index Excess Return, with a currency hedge against movements in the AUD/USD exchange rate, plus an interest component, before fees and expenses.
The ETF allows investors to gain exposure to the performance of a basket of agricultural commodities without the need to invest in the futures market or take physical delivery of commodities.
In addition, as commodities globally are priced in U.S. dollars, the ETF will hedge substantially all of its U.S. dollar exposure back to the Australian dollar, in order to reduce currency risk for Australian investors. This provides investors with a “purer” exposure to commodities prices, irrespective of the fluctuations of the currency markets.
The S&P GSCI Light Energy Index is a broadly inclusive index that contains 24 commodities from all commodity sectors that meet certain eligibility requirements: six energy products, seven metals, eight agricultural and three livestock products. This broad range of constituents provides a high level of diversification across the commodity sector.
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