AvigatorPhotographer
The primary trade traded fund centered on oil tanker delivery prices has come to Wall Avenue. Breakwave Advisors, in partnership with ETF Managers Group, has unveiled the Breakwave Tanker Transport ETF (NYSEARCA:BWET).
BWET goals to supply publicity to the crude oil tanker delivery market by way of a portfolio of near-dated futures contracts on indices that measure the price of delivery crude oil (CL1:COM).
The brand new ETF trades on the New York Inventory Alternate and comes connected with a 3.50% expense ratio.
Relating to the fund’s launch, John Kartsonas, founder and managing associate of Breakwave Advisors said: “The tanker market has just lately proven its rising significance in the case of power safety in addition to the numerous returns the sector can generate over the complete cycle.”
“Right this moment, the tanker trade is confronted with excessive demand for oil transportation, a restricted vessel orderbook, disruptions within the conventional delivery routes, and longer delivery distances because of the key geopolitical modifications affecting the oil markets,” Kartsonas added.
Extra on Alternate Traded Funds:
