WisdomTree Palladium 1x Daily Short (1PAS.L) LSE
Currency In USD
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WisdomTree Palladium 1x Daily Short
Address
3 Lombard Street
London, EC3V 9AA
Ireland
Phone
353-1800-000-036
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
July 05, 2013
Key Executives
N/ADescription
The WisdomTree Palladium 1x Daily Short is a fully collateralized Exchange Traded Commodity (ETC) that offers investors a way to gain inverse exposure to palladium. Its total return aims to deliver the opposite of the daily performance of the Solactive Palladium Commodity Futures SL Index (SOLWSPA1), specifically tracking -1 times its daily movement. This return is also adjusted to factor in any earned interest revenue and the various fees and costs associated with the product. For instance, if the Solactive Palladium Commodity Futures SL Index rises by 1% over a day, the ETC is designed to fall by 1% (before fees). Conversely, a 1% daily decline in the index would typically result in a 1% increase in the ETC's value (excluding fees).