Boost launches two new Brent Oil ETCs on Borsa Italiana

Italy’s first 3x Short and 3x Leverage Brent Oil ETPs; 3x Brent oil added to Boost’s existing platform of 7 oil ETCs, making a total of 9 oil ETCs…

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Nik Bienkowski, Co-CEO of WisdomTree Europe

Boost WTI Oil 3x Leverage Daily ETP (3OIL) is Europe’s most liquid oil ETC, with $193m of AUM and $413m of trading each month (or $1.2bn notional traded volume); Boost further strengthens its market leading position in short & leveraged ETPs on Borsa Italiana ETFplus ETC Segment.

WisdomTree Europe, has announced that it has listed two new 3x S&L Brent Oil ETPs on Borsa Italiana.

The new ETPs come on the back of increasing demand for Boost’s Short & Leveraged ETPs. At the beginning of October, ETPs issued by Boost reached close to $500 million in AUM[1] and these oil new ETPs add even more depth to Boost ETP’s already comprehensive product list. In the last week of September[2], Boost ETPs had almost 56% market share in the ETC Section of the ETFplus on the Borsa Italiana.

Boost’s new S&L Brent Oil ETPs will track the NASDAQ Commodity Brent Crude Oil ER index, giving exposure to the returns which reflect an investment in front-month Brent crude futures, plus the interest revenue earned on the collateralised amount.

The NASDAQ Commodity Brent Crude Oil ER Index is designed to reflect an investment in front-month Brent Crude Oil commodity futures contracts, rolling monthly out of the expiring front-month contract and into the next front-month contract. Even though the index measures excess return performance based on the futures price performance and the roll return, the ETC provides a total return performance which also includes the interest revenue on the collateralised amount.

Viktor Nossek, Director of Research at WisdomTree Europe, commented: “These new products provide investors with a wider opportunity of short term tactical and hedging opportunities in one of the key investment themes in today’s markets. The ability to manage one’s exposure to Brent Crude Oil has become increasingly valuable amidst repeated occurrences of heightened uncertainty surrounding the outlook for crude oil. Aside from seasonality, the volatility in Brent Crude Oil has increasingly been led by geopolitical risks in the Middle East and fears of China’s slowdown turning into a hard landing. The addition of 3x S&L Brent Oil to our existing unleveraged Brent Oil and WTI Oil ETPs gives clients more choice when focusing on this key area within the commodity market.”

Nik Bienkowski, Co-CEO of WisdomTree Europe commented: “Boost as an issuer is delighted to be at the forefront of meeting demand from clients to extend our already market leading range of ETPs in the Italian market. Boost now has a total of 9 oil ETPs with leverages ranging from +1x to +3x and -1x to -3x.  Boost’s 3x Leverage Crude Oil ETP (3OIL) has $193m in AUM[3] and $413m in monthly traded volume, making 3OIL the most liquid oil ETC in Europe.”

Boost’s S&L ETP platform now covers the world’s major asset classes, which include equities, fixed income, currencies, and commodities.  This brings Boost ETP’s product range to a total of 125 listings on Borsa Italiana, the London Stock Exchange, and Germany’s Xetra.


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