Overview
Description
The WT Brent Crude Oil 3x Daily Leveraged Fund is an Exchange-Traded Product designed to provide investors with exposure to daily changes in the price of Brent Crude oil, amplified by a factor of three. This means that for every 1% movement in the price of Brent Crude oil, this fund aims to deliver a 3% movement, making it a powerful tool for those looking to maximize returns over short time frames. As a leveraged fund, it is primarily utilized by traders who seek to capitalize on short-term market fluctuations rather than long-term investments.
The fund is particularly relevant to sectors sensitive to oil price changes, including energy, transportation, and manufacturing industries. Given its leveraged nature, this product is often used by experienced investors who are comfortable with higher levels of risk and are looking to hedge positions or speculate on short-term oil price movements. Its significance in the market lies in offering a tactical instrument for sophisticated trading strategies where precise timing in relation to market trends is pivotal. Consequently, it plays a crucial role in the speculative trading segment, enhancing the potential returns and risks associated with crude oil price dynamics.
About
Address
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Website
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON