WisdomTree has extended its range of exchange-traded commodities (ETC) with the launch of the world’s first European natural gas ETC.
WisdomTree European Natural Gas ETC (TTFW) is listed on London Stock Exchange (LSE), Borsa Italiana and Deutsche Borse with a total expense ratio (TER) of 0.49%.
TTFW tracks the BNP Paribas Rolling Futures W0 TZ index, offering exposure to gas traded on the Dutch Title Transfer Facility (TTF).
It measures total return performance based on the underlying ICE Dutch TTF Gas Futures contracts.
Nitesh Shah (pictured), head of commodities and macroeconomic research for Europe, WisdomTree, said: “As the European Union navigates an energy transition, it will still be reliant on natural gas. With that in mind, there will be periodic sharp increases in European natural gas prices as the fuel is used to make up shortfalls in renewables.”
Alexis Marinof, head of Europe, WisdomTree, added: “This launch strengthens our market-leading position in commodity ETPs and gives investors an extra tool at their disposal to navigate a dynamic market environment.”
The launch adds to WisdomTree’s current natural gas ETC range - including the WisdomTree Natural Gas ETC (NGAS) - which currently houses $128m assets under management.
Elsewhere, WisdomTree expanded its Article 9 ETF range with the launch of a global sustainable equity ETF in June.
