New Brent Crude Oil ETC from BNP Paribas launched on Xetra
ETC name: BNP Paribas RICI Enhanced Brent TR Index ETC
Asset class: Commodity index ETC
Total expense ratio: 1 percent
Benchmark: Rogers International Commodity Enhanced Brent Crude Oil Index
The BNP Paribas RICI Enhanced Brent TR Index ETC enables investors to participate in the performance of Brent crude oil. The reference index contains Brent crude oil futures contracts with differing maturities. The reference index is denominated in US dollars. The limited maturity of the futures contracts requires a switch prior to expiry in exchange for a futures contract with the next expiry date (roll-over). Possible losses as a result of the roll-over are minimised using a selection procedure. Only contracts expiring in June or December are bought for the index. A rollover takes place twice a year and takes five trading days.
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