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$19.36 betashares crude oil index etf-currency hedged (synthetic)

Ooo is a high risk product we all know this what i cant believe...

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Hillzy69

1 Posts.

22/05/20

09:41

Post #: 44767721
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Originally posted by stuckinhouse: ↑

I made this graph to show how the OOO fund has failed to track WTI crude spot prices over time.

Methodology: Time series data collected for OOO (AUD), WTI (USD) and USD/AUD exchange rates. OOO converted to USD, then divided by WTI price, then normalised by the series start date and expressed as a percentage.

Conclusion: Holding OOO long term tends to destroy wealth due to the effects of contango.

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Ooo is a high risk product we all know this what i cant believe is them changing to the 3 month contract. It showed no courage or conviction and cost us all a fortune. Shifting the goal posts is not on and i hope against the rules bring on the class action!

OOO Price at posting: $19.36 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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