Exchange-trade fund (ETF) provider WisdomTree is changing the indices for a range of products tracking prices of oil and gas.
In announcements to the stock exchange today, WisdomTree said it planned to change the underlying indices for five currency hedged funds and six leveraged and inverse funds, including the $224.9m WisdomTree WTI Crude Oil 2x Daily Leveraged ETF. iShares launches synthetic S&P 500 ETF Between them the funds have more than $390m (£303m) in assets. The changes are designed to improve the stability of the ETFs and make them "less susceptible to adverse outcomes from volatility in the relevant futures markets". In a circular to shareholders, the company explained that the new indices ...
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