Description

WisdomTree Brent Crude Oil - GBP Daily Hedged is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Brent Crude Oil futures contracts currency hedged in GBP. The ETC aims to replicate the Bloomberg Brent Crude Oil Multi-Tenor GBP Daily-Hedged Total Return Index (BCOMTTRP) by tracking the Bloomberg Brent Crude Oil Multi-Tenor GBP Daily-Hedged Excess Return Index and providing the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Bloomberg Brent Crude Oil Multi-Tenor GBP Daily-Hedged Total Return Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the Bloomberg Brent Crude Oil Multi-Tenor GBP Daily-Hedged Total Return Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.