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Join Date:2020/5/21

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Posted at 2020-06-11 03:12:40
[ 3175 Helps investors or itself? ]

After U.S. WTI crude oil futures plunged, not only did retail investors who bet on the rebound in oil prices feel “upset”, even ETF issuers were “surprised”. With regard to Samsung S&P GSCI Crude Oil ER Futures ETF (HKEX Stock code: 3175), an announcement was issued on Wednesday evening that the entirely of its holding of June 2020 contracts had been replaced by September 2020 contracts in the night market.To get more news about WikiFX , you can visit wikifx news official website.
  3175 claimed that its objective to track the “S&P GSCI Crude Oil Index Excess Return”, and the index also clearly stated that the next roll-over operation would be conducted on May 7-13, when the June 2020 contract tracked will be replaced by July 2020 contracts. 3175 suddenly changed its investment strategy with a high sounding reason that June 2020 contract may fall to zero or a negative value, “In the worst case scenario, the Net Asset Value of the Sub-Fund may drop to zero and investors may suffer a total lose of their investment in the Sub-Fund.”

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