This is what is says on the web page link (underlining is mine).Provides exposure to the performance of crude oil futures without the need for investors to directly invest in the futures market or take physical delivery of oil
- Simple way to take a view on oil prices in the future
- As oil globally is priced in US dollars, includes a currency hedge against movements in the AUD/USD exchange rate
An investment in commodities futures or in a Fund that tracks commodity futures is not the same as investing in the “spot” price of the commodity.
Please note during Australian Eastern Daylight Savings Time, trading hours for this Fund will be 11.00-16.00.
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Correlation with oil price futures??????, page-104
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