Normal
The problem is these are synthetic ETF products. They stop corelating to the underlying when Oil starts doing funny business like going into the -ve.The equivalent US ETF "USO" is supposed to do a reverse split and may attract some traction as it has also been hosed down lately. Not sure how much this will affect the local ETF "OOO".
The problem is these are synthetic ETF products. They stop corelating to the underlying when Oil starts doing funny business like going into the -ve.
The equivalent US ETF "USO" is supposed to do a reverse split and may attract some traction as it has also been hosed down lately. Not sure how much this will affect the local ETF "OOO".
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