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

no one trading oil - why, page-40

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fency26

20 Posts.

13/01/15

16:42

Post #: 14577561
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Originally posted by heraclitus ↑

Why not just go long a CFD over crude and save paying a mgmt fee?
If you're looking longer term, just use wide stops and fewer contracts to get your desired $ exposure. Also spreads are very small on highly liquid underlyings, such as oil, so the transaction cost is minimal.

Also, the fund's performance since inception is -2.45%. Given the hedging, why not just buy a producing, post-capex, Australian oiler that's low on the cost curve and enjoy dividends? For example, WPL, in those same two years since inception is up 8%, not including dividends.

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Don't u have to pay interest when u r long CFDs though? Like 7% or whatever the margin lending rate is these days? Been a while since I traded CFDs but that's how I remember it working through igmarkets.

OOO Price at posting: $24.36 Sentiment: Buy Disclosure: Not Held
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