OOO 2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

OOO certainly has many variables (more than I originally thought...

  1. 13,753 Posts.
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    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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Currently unlisted public company.

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