The BNP Paribas Easy Energy & Metals Enhanced Roll ETF has an enhanced-beta strategy with monthly-optimized allocation to 12 Commodities curves.
The BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF aims to replicate the performance of the BNP Paribas Energy & Metals Enhanced Roll TR Index (BNPIC52T Index) and to maintain the Tracking Error between the sub-fund and the index below 1%. The index offers investors a long, static exposure to the commodity market (ex-Agriculture and Livestock).
- Diversified allocation to the Commodities universe of the Bloomberg Commodity ex-Agriculture and Livestock Capped Index, with weights rebalanced to those of this benchmark index once a month.
- Optimal investment on the forward curve thanks to the S&P GSCI® Dynamic Roll methodology, which aims at reducing the carry costs associated with long commodity exposure (i.e. minimising the carry cost when the curve is in contango, while benefitting from the positive carry when the curve is in backwardation).