GSCU
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Commodity
BNP PARIBAS EASY ENERGY & METALS ENHANCED ROLL UCITS ETF - USD
TER (bps):
40
AUM (USD m):
160
ISIN:
LU1291109533
Domicile:
Luxembourg
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Global
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The objective of the BNP Paribas Energy & Metals Enhanced Roll (TR) is to provide long-only exposure to commodities, excluding those classified as Agriculture and Livestock, while reducing the carry costs usually associated to commodities futures contracts holding. The BNP Paribas Energy & Metals Enhanced Roll (TR) contains commodities from three main commodity sectors (energy, industrials metals, precious metals). In this context, the “carry cost” refers to the total cost of holding a particular physical commodity (such as transport or storage costs) and the impact of shifting supply and demand levels. Carry cost is reflected in the prices of futures contracts for such commodity and therefore in the level of an index comprised of such futures contracts. Carry cost may be positive or negative depending on whether the underlying commodities futures contracts are in contango or backwardation. The BNP Paribas Energy & Metals Enhanced Roll (TR) index caps the largest component of the index at 35% and the remaining components at 20% on daily basis.
PERFORMANCE
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