ENCG
•
Commodity
L&G MULTI-STRATEGY ENHANCED COMMODITIES UCITS ETF
TER (bps):
30
AUM (USD m):
897
ISIN:
IE00BFXR6159
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Global
As of:
13 Nov 2024
Climate Fund:
No
Benchmark
The Barclays Backwardation Tilt Multi-Strategy Capped Total Return provides broad-based exposure to commodities via a diversified basket of commodity futures with different expiry dates of up to 1 year, selecting specific contracts based on shape of the futures curve or other idiosyncratic properties. The Index provides a return equivalent to a fully "collateralised" investment in a diversified portfolio of commodity “futures contracts” across the following sectors: (1) Energy; (2) Industrial metals; (3) Precious metals; (4) Agriculture; and (5) Livestock.
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