WisdomTree Aluminium - EUR Daily Hedged (EALU.MI)

Qué hace este fondo

This Exchange Traded Commodity (ETC), known as WisdomTree Aluminium - EUR Daily Hedged, is fully collateralized and adheres to UCITS eligibility criteria. Its core purpose is to offer investors broad market exposure to Aluminium futures contracts, with the currency risk diligently hedged against the Euro on a daily basis. The ETC seeks to accurately mirror the performance of the Bloomberg Aluminum Sub Euro Hedged Daily Total Return Index (BUALDET). This is achieved by tracking the Bloomberg Aluminum Sub Euro Hedged Daily Excess Return Index and integrating interest income, after accounting for all applicable product fees and expenses. Thus, if the Bloomberg Aluminum Sub Euro Hedged Daily Total Return Index moves by 1% (up or down) in a single day, the ETC's value is expected to reflect a corresponding 1% change, prior to the deduction of fees.