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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG
TRMD 37.77+1.9%May 24 4:00 PM EDT

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To: The Barracuda™ who wrote (2451)2/1/2024 11:29:16 AM
From: The Barracuda™   of 2511
 
BWET fwiw

BWET's Prospectus stated objectives

The investment seeks to provide investors with exposure to the daily change in the price of tanker freight futures by tracking the performance of a portfolio (the “Benchmark Portfolio”) consisting of exchange-cleared futures contracts on the cost of shipping crude oil (“Freight Futures”). Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the “Baltic Exchange”) and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route.
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