This is generally correct. Rolling to September effectively locked in most of the super contango losses because only the front month contract has (and likely will) experience enough volatility to recover, which is exactly what has happened. The trade off is this prevents the fund value from going to zero if negative pricing returns, although I’d argue that benefits Betashares more than the holders.
This is generally correct. Rolling to September effectively...
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)