教育 | 可做多，可做空，还可加杠杆？原油ETF简介

15th January, 2022

原油 ETF 概述

ETF（Exchange Traded Fund，交易型开放式指数基金）是一种在交易所上市交易的、基金份额可变动的开放式基金，主要跟踪市场指数，以缩小跟踪误差以及降低交易成本为目的，具有透明度高、管理成本低、折溢价率低、交易便利、流动性好等优点； 一般 ETF 基金分为主动型与被动型，被动型一般跟踪股票、指数、债券与商品，主动型则有货币基金型。 

而原油 ETF 是指以原油为基础资产，追踪价格波动的金融衍生品。相较于原油期货以及期权类投资产品，ETF 杠杆率低，成为低风险偏好投资者们更容易的选择。

 

 

交易机制

产品费率上而言，实物支持商品 ETF 的平均费率明显低于非实物支持商品 ETF 的平均费率，反向及杠杆型 ETF 费率普遍高于传统 ETF，能源类 ETF 的平均费率水平最高，而贵金属 ETF 最低。 杠杆 ETF 一般是通过运用股指期货、互换合约等杠杆投资方法，来实现每日追踪目标指数收益的正反向一定倍数（一般±1 至±3 倍）

 

 

相关产品

 名称总市值

(美元:百万)

年初至今回报收盘价
正向ETF/  ETN
USO美国原油ETF$1,261.06-31.85%$8.73
UWT三倍做多原油$479.13-71.67%$4.02
UCO二倍做多彭博原油$363.56-55.03%$9.20
DBODB  Oil$232.14-26.80%$7.81
OILU三倍做多原油$130.83-71.34%$6.19
OIL原油ETF$72.98-31.96%$8.56
USL美国12月原油ETF$38.04-25.79%$17.06
WTIU三倍做多原油$15.46-71.10%$4.00
UWTI三倍做多原油ETN$9.56-37.67%$24.62
OILX原油ETF$2.47-32.04%$24.91
OLEM原油ETN$1.62-29.51%$13.40
反向ETF/  ETN
DTO二倍做空原油ETN$18.9284.03%$84.54
SCO二倍做空彭博原油ETF$65.9198.11%$24.07
WTID3倍逆原油ETN$9.46169.74%$10.25
DWT三倍做空原油ETN $152.85171.02%$9.54

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com