The fund fund is designed to provide investors with a total return exposure to WTI Crude Oil futures contracts currency hedged in GBP. The fund aims to replicate the Bloomberg WTI Crude Oil Multi-Tenor Pound Sterling Daily-Hedged Total Return Index by tracking the Bloomberg WTI Crude Oil Multi-Tenor Pound Sterling Daily-Hedged Excess Return Index.
Fund Exposure
fund enables investors to gain exposure to a total return investment in crude oil with a daily currency hedge against movements in the GBP/USD exchange rate. The fund tracks the Bloomberg WTI Crude Oil Multi-Tenor GBP Daily-Hedged ER Index and provides a collateral yield. It is an exchange traded commodity backed by swaps.
Risks
Investing in the fund fund involves market risk, liquidity risk, counterparty risk, and credit risk. 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 reliance on swap counterparties for the fund's investment policy. Credit risk is also present, as third-party service providers may fail to return property or collateral.