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BetaShares Crude Oil Index ETF Currency Hedged (Synthetic) (OOO)

Sydney
Currency in AUD
Disclaimer
6.26
+0.04(+0.64%)
Closed

OOO Comments

looks like it is very bad. oil raised about 30% now, but it only rasied 12%? what happened
Check the latest announcement, they changed their underlying to September futures, which lead to the big tracking error.
crazy. price only drop but Not rise. too bad
It's painful. I too bought on 21st, thinking I'll simply sit on them for two years if need be, but instead have lost plenty, and due to futures prices and 'contango', am set to loose it all unless there's a sharp rebound. From my current understanding one should only hold this fund (or others like it) for a couple of hours/days, not months/years. Make sure you understand how it works, don't just pile in. I bought at $15, lost half. Spot price is at $21, yet I'm still 35% down. Due to contango, by the time spot price reaches $40 I may be wiped out. DYOR.
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