asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: OOO
release_schedule:
structure:
commentary_block:
factsheet_url:
fund_features:
BetaShares Crude Oil Index (OOO) aims to track the performance of an index (before fees and expenses) that provides exposure to crude oil futures, hedged for currency movements in the AUD/USD exchange rate. The index which OOO aims to track provides exposure to the price of West Texas Intermediate (WTI) crude oil futures, hedged for currency exposure.
- The prices of futures contracts for subsequent periods is known as the ‘futures curve’.
- See the Resources section below for a link to the WTI Crude Oil futures curve, which indicates whether rolling into subsequent futures contracts will be at higher prices, which would tend to reduce Fund returns, or at lower prices, which would tend to increase Fund returns, assuming no change in the spot price for oil.
- Oil futures are priced in USD. Hedging against fluctuations in the USD/AUD means you have more ‘pure’ exposure to the price of oil futures.