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BetaShares Crude Oil Index ETF Currency Hedged (Synthetic) (OOO)

Sydney
Currency in AUD
Disclaimer
5.86
-0.03(-0.51%)
Closed

OOO Comments

https://www.dol.gov/newsroom/releases/whd/whd20230117-1
be patient
Really bad product
It's not a conspiracy, if you read what you are getting yourself into, you will understand. THEY DO, track WTI futures. But they roll from one contract to another, and the future contracts as they announced change from 3 months to 1 month etc etc  so its not going to be a direct result of the current spot price.  And this is a guess, maybe their exposure changes as well per contract.
This ETF is tracking the GSCI crude oil index not the WTI index directly.
so it is better or bad for investors?
The rollover is also not clearly defined anywhere. I eventually found information about the rollover by calling BetaShares. And then doing my own research: https://www.goldmansachs.com/what-we-do/global-markets/business-groups/sts-folder/gsci/roll-period.html
I agree completely. Nothing in this ETF makes sense. It goes up and down for now reason and very quickly. I've seen it go from +5% to -5% in 20 minutes.
dont put your money into this ETF. Such a scam. Today Oil went up over 20% last night. The performance of this ETF is -7.09% !
there is a buggold price appears to me as 8.25$
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