The fund aims to provide investors with a total return exposure to Brent Crude Oil futures contracts currency hedged in GBP, tracking the Bloomberg Brent Crude Oil Multi-Tenor GBP Daily-Hedged Total Return Index.
Fund Exposure
The fund tracks an equal-weight basket with 3 tenors of Brent Crude Oil futures curve beyond the nearby contract, incorporating a currency hedge against movements in the GBP/USD exchange. The currency hedge is rebalanced daily, with index component weights reset monthly to 33.33%.
Risks
Investors should be aware of market risk, liquidity risk, counterparty risk, and credit risk associated with this fund. The value of securities in the fund is directly affected by the value of the Index, and there is a risk of losing some or all of the amount invested. Additionally, there is a risk of securities not being easily bought or sold on a stock exchange, as well as the risk of swap counterparties not being available to enter into agreements. Credit risk is also present, as third-party service providers may fail to return collateral or pay money due to the Issuer.