Börse Frankfurt News
New ETCs: Brent crude oil with roll-over optimisation and without
BNP Paribas offers access to the performance of Brent crude oil via two ETC, one them avoiding roll-over costs.
The Brent Crude Oil ETC enables investors to participate in the performance of the underlying ICE Brent Crude futures contracts.The underlying tracks ICE futures contracts in US dollars for Brent Crude oil. These contracts represent physical delivery of crude oil with the option of cash settlement. The ICE futures have a limited term with a specific expiry date and are replaced before they expire with contracts with later expiry dates (rolled over).
The RICI Enhanced Brent Crude Oil TR Index USD ETC enables investors to participate in the performance of the RICI Enhanced Brent Crude Oil Total Return Index. The reference index comprises Brent Crude oil futures contracts with differing terms and is denominated in US dollars. The limited term of the futures contracts requires a replacement prior to expiry with a futures contract with the next expiry date. Possible losses resulting from rollover are minimised by using an optimised selection procedure. Only contracts expiring in June or December are bought for the index. A rollover takes place twice a year and takes five trading days.
20. April 2017, © Deutsche Börse AG
|ETC name||ISIN||Management fee||Reference index|
|Brent Crude Oil ETC||DE000PS701L2||0,9%||RICI Enhanced Brent Cude Oil Total Return Index|
|RICI Enhanced Brent Crude Oil TR Index USD ETC||DE000PR5RBU0||0,99%||RICI Enhanced Brent Cude Oil Total Return Index|