WisdomTree pulls oil ETPs after Shell spikes swap agreement

Oil pump adobe stock
By Ross Lancaster
21 May 2020

WisdomTree Investments, an exchange traded product sponsor and issuer, has pulled nine of its products after its counterparty on an underlying swap terminated the contract.

WisdomTree announced on Wednesday that it was terminating eight ETPs that track oil prices and one that tracks carbon prices.

As part of its structure for creating exposure to those themes, WisdomTree had entered into swaps with Shell Trading Switzerland. Each swap backs an ETP. Shell Trading decided ...

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