WisdomTree shuts oil ETPs after Shell terminates swap deal

Counterparty departure forces closure of eight oil trackers with $580 million of assets

shell wisdom 2
Shell’s decision is understood to be for commercial reasons rather than due to a specific price move

WisdomTree will redeem eight commodity tracker funds with more than $550 million in combined assets, after its swap counterparty – Shell Trading – terminated the underlying derivatives agreements following recent volatility in oil markets.  

The investments being redeemed include exchange-traded products (ETPs) tracking WTI and Brent crude oil futures with expiries from one-month to three years, and a carbon ETP.

The products were issued by WisdomTree Oil Securities (OSL) and will be redeemed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here