WARNING: Read me before buying OOO, page-282

This is a synthetic oil futures ETF, they don't purchase any oil or futures, it simply follows the oil futures price.

They are not obliged to carry forward contracts. Read the Fact sheet.

if this was the case, this fund would have run out of money.

THis ETF has been around for 6-8 years, dont you think they would have run out of money by now if they were just carrying forward?

The market maker just adjusts the share price of the ETF to represent the movement in the futures price.

This thing was $60 when USD oil hit $160 a barrel. It's lost 3/4 of its value in the last 4 months because the oil price has lost 3/4 of its value.

When the price of oil goes back to $60-80 a barrel, which we all know it will, this ETF will be back up at $16-20.

DYOR and this is not advice but this is what I believe from reading the BetaShares fact sheet.

Mr M.