WisdomTree, the exchange traded fund (ETF) and exchange traded product (ETP) sponsor, has listed the WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF on the London Stock Exchange and Börse Xetra.
This follows the listing of a EUR hedged share class of the WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF on Börse Xetra in July 2021.
The fund tracks the performance – before fees and expenses – of the Morgan Stanley RADAR ex Agriculture & Livestock Commodity Total Return Index. This provides a broad and diversified commodity exposure, covering energy, industrial metals and precious metals, including platinum and palladium.
“We are currently in a supportive environment for commodities,” Nitesh Shah, director of research, Europe, at WisdomTree. “As the global economic recovery begins to take shape and supply tightens across some raw materials, we have seen many commodities experience strong price gains in 2021 with some hitting multi-year highs.”
Broad commodity exchange traded products (ETPs) have seen net inflows of $10.2 billion globally in 2021. Raw materials are essential for economic growth and many investors have sought increased exposures to commodities as a result.
“Investors continue to be concerned with inflation and are seeking dynamic strategies to help them navigate financial markets,” added Alexis Marinof, head of Europe, at WisdomTree.