OOO certainly has many variables (more than I originally thought when I 1st bought) including a currency hedge.
This may have been posted before - it is in part from the OOO asx ann 23/04
OOO can actually become worth less as in $ZERO !!
In view of the unprecedented market developments in the last few days, and to reduce the risk to the
Fund of the June 2020 futures contract trading at a negative price (which would reduce the Fund’s
value to zero), BetaShares considers it prudent, and in the best interests of unitholders, to
temporarily replace its investment exposure to the one-month (currently June 2020) contract with
exposure to the three-month (currently September 2020) contract with immediate effect and until
further notice, by arrangement with the swap provider.
Some good news - electric vehicle sales have plummeted !!
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