ECTNWisdomTree Cotton - EUR Daily Hedged
ISIN: JE00B70DCH800,49 %
Management Fee (MER)
Au 03/07/2026
3 juillet 2012
Date de lancement
733 506 $US
AUM du fonds
Au 03/07/2026
EUR
Devise de base
Vue d'ensemble
Description du produit
WisdomTree Cotton - EUR Daily Hedged is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Cotton futures contracts currency hedged in EUR. The ETC aims to replicate the Bloomberg Cotton Sub Euro Hedged Daily Total Return Index (BUCTDET) by tracking the Bloomberg Cotton Sub Euro Hedged Daily Excess Return Index and providing the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Bloomberg Cotton Sub Euro Hedged Daily Total Return Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the Bloomberg Cotton Sub Euro Hedged Daily Total Return Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
Pourquoi ECTN?
- Gain exposure to the performance of Cotton.
- Currency risk is hedged on a daily basis, significantly reducing currency volatility.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of Cotton.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Risques potentiels
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- The performance of commodity indices may differ significantly from spot commodity prices, which are often quoted in the financial press, as the spot in itself is not investable. An investment in commodities may experience high volatility and should be considered as a longer term investment.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Articles et documents de recherche
Aneeka Gupta
What’s Hot: Cotton’s comeback
Cotton has surged to two-year highs, driven by a structural shift from surplus to deficit, Iran-war-related polyester cost pressures, and a surge in speculative positioning. With global output falling ~4%, Chinese supply down 10%, and El Niño risk rising, the supply-demand balance is tightening materially.
- Commodities
- Agricultural Commodities
Tobias Lazar
A new ingredient in the Bloomberg Commodity Index
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Corn: Balancing record acreage with export momentum
Related Products WisdomTree Corn, WisdomTree Corn 2x Daily Leveraged, WisdomTree Corn - EUR Daily Hedged Find out more The September World Agricultural Supply and Demand Estimate (WASDE) presents...
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Le café arabica broie du noir
Les prix du café arabica ont atteint des records, stimulés par la sécheresse au Brésil, les opérations spéculatives et les contraintes d’approvisionnement. Le cycle biennal de cette culture et La Niña sont susceptibles d’aggraver les pénuries, tandis que les règlements de l’UE pourraient inciter au stockage préventif. Bien que les prix restent volatils, ils devraient baisser d’ici fin 2025 si les conditions météorologiques s’améliorent.
- Matières premières
- Agricultural Commodities
Informations clés
| Vue d'ensemble du produit | Au 03/07/2026 |
|---|---|
| ISIN | JE00B70DCH80 |
| Classe d'actifs | Commodities |
| Devise de base | EUR |
| Date de lancement | 3 juillet 2012 |
| Couvert contre le risque de change | Non - ce produit n'est pas protégé contre les fluctuations monétaires défavorables. |
| Livraison physique | Non |
| Risque sous-jacent | Coton |
| Facteur de levier | N/D |
| Valeur liquidative | Au 03/07/2026 |
|---|---|
| NAV | 7,929 € |
| Variation quotidienne | 0,000 € |
| Rendement quotidien | 0,003 % |
| AUM total du fonds | 733 506 $US |
| AUM de l'émetteur | 366 323 637 $US |
| Parts en circulation | 80 845 |
Structure
| Structure | Au 03/07/2026 |
|---|---|
| Forme juridique | Titre de créance |
| Structure juridique | ETC |
| Méthode de réplication | Synthetic - fully funded collateralised swap |
| Domiciliation | Jersey |
| Informations juridiques et fiscales complémentaires | Au 03/07/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| Éligible UCITS | Yes |
| Statut de reporting UK | Yes |
Prestataires de services clés
| Prestataires de services clés | Au 03/07/2026 |
|---|---|
| Émetteur | WisdomTree Hedged Commodity Securities Limited |
| Contrepartie | Citigroup Global Markets Limited, Merrill Lynch Commodities Inc. |
| Fiduciaire | The Law Debenture Trust Corporation p.l.c. |
| Agent de registre | Computershare Investor Services (Jersey) Ltd |
| Gestionnaire du collatéral | The Bank of New York Mellon |
| Frais | Au 03/07/2026 |
|---|---|
| Management Fee (MER) | 0,49 % |
| Taux de swap annuel | 0,67 % |
Pays passeportés
Cotations et codes
| Pays | Bourse | Devise de cotation | Ticker de cotation | Ticker Bloomberg | RIC | SEDOL | ISIN | WKN | Période de règlement | Date de cotation |
|---|---|---|---|---|---|---|---|---|---|---|
| Borsa Italiana | EUR | ECTN | ECTN IM | ECTN.MI | B80KY14 | JE00B70DCH80 | A1PCFM | T + 2 | 06/07/2012 |
Index Details
Bloomberg Cotton Subindex Euro Hedged Daily Total Return
The Index is designed to reflect the movement in the price of the cotton futures contracts (that are continuously rolled on a pre-determined rolling schedule) used in the Bloomberg Commodity IndexSM as well as incorporating a currency hedge against movements in the EUR/USD exchange rate. The currency hedge is rebalanced daily. A futures contract is an agreement to purchase a commodity at an agreed price, with delivery and payment to take place at a specified point in the future. Futures contracts are generally disposed of just before the term of the contract expires and new contracts entered into in order to avoid taking actual delivery of the commodity in question (a process known as 'rolling'), so that continuous exposure to the commodity is maintained. The contracts being purchased may be more expensive than the contracts being sold which would cause an investor in commodity futures to make an additional loss. This market trend is known as 'contango'. Alternatively the contracts being purchased may be cheaper than the ones being sold which would result in an additional gain, known as 'backwardation'. This price difference is commonly referred to as "roll yield" . As the roll yield is incorporated into the calculation of the value of the Index, it may therefore have a positive or negative impact on the value of the Index depending on whether there is contango or backwardation. The ETC will also be affected as its value is based upon the value of the Index.
| Index Details | |
|---|---|
| Index Name | Bloomberg Cotton Subindex Euro Hedged Daily Total Return |
| Currency | EUR |
| Bloomberg Ticker | BUCTDET |
| Reuters Index Ticker | .BUCTDET |
| Index Website | https://www.bloomberg.com/professional/product/indices/bloomberg-commodity-index-family/ |
| Index Constituent Count | 1 |
| Securities | 03/07/2026 |
|---|---|
| Bloomberg Cotton Subindex Euro Hedged Daily Total Return | 100,00 % |
Collateral Details
| Incorporated Country | Weight |
|---|---|
| UNITED STATES | 77,73 % |
| NETHERLANDS | 19,04 % |
| GERMANY | 3,23 % |
| Currency | Weight |
|---|---|
| US Dollar | 77,73 % |
| Euro | 22,27 % |
Top 20 Fund Collateral
| Fund | Weight |
|---|---|
| BILL 10/29/26 | 39,64 % |
| 3 3/4 NOTE R 32 | 26,32 % |
| NETHERLANDS GOVERN 2.5 15JUL34 144A | 19,37 % |
| 3 7/8 NOTE AL 28 | 11,45 % |
| BUNDESOBLIGATION 2.1 12APR29 | 3,22 % |
Documents
Produit
Collatéral
KID
Prospectus
Réglementaire
AVERTISSEMENTS
Les produits évoqués dans ce document sont émis par WisdomTree Hedged Commodity Securities Limited (l’« Émetteur »). L’Émetteur est assujetti à la réglementation de la Jersey Financial Services Commission, la commission de réglementation des services financiers de Jersey. Les investisseurs doivent se référer à la section « Facteurs de risque » du prospectus concerné pour de précisions sur les risques associés à tout investissement dans les titres proposés par l’Émetteur.
Les titres émis par l’Émetteur constituent des obligations directes, à droit de recours limité, de l’Émetteur concerné lui-même. Ils ne constituent pas des obligations de Citigroup Global Markets Limited (« CGML »), Citigroup Global Markets Holdings Inc. (« CGMH »), Merrill Lynch International (« MLI »), Bank of America Corporation (« BAC ») ou l’une quelconque de leurs entités affiliées et ne sont pas garantis par l’une quelconque de ces sociétés ou leurs entités affiliées. CGML, CGMH, MLI et BAC déclinent chacune toute responsabilité qu’elle soit délictuelle, contractuelle ou autre, qui pourrait leur incomber à l’égard du présent document ou de son contenu et qui pourrait être liée aux présentes.
« Bloomberg® » et le(s) indice(s) Bloomberg Commodity Index(es)℠ mentionnés aux présentes sont des marques de service de Bloomberg Finance L.P. et ses sociétés affiliées, en ce compris Bloomberg Index Services Limited (« BISL »), l’administrateur des indices (collectivement, « Bloomberg »), et ont été concédées sous licence pour être utilisées à certaines fins par WisdomTree et ses sociétés affiliées autorisées, en ce compris WisdomTree Hedged Commodity Securities Limited (ensemble, WisdomTree). Bloomberg ne saurait être affiliée à WisdomTree, ni ne saurait approuver, avaliser, réviser ou recommander le ou les produits négociés en Bourse visés aux présentes. Bloomberg ne saurait garantir l’opportunité, l’exactitude ou l’exhaustivité des données ou informations relatives à ou aux indices.