TTFWWisdomTree European Natural Gas
ISIN: XS28722334030,49 %
Management Fee (MER)
Au 02/07/2026
10 septembre 2024
Date de lancement
39 984 226 $US
AUM du fonds
Au 02/07/2026
EUR
Devise de base
Vue d'ensemble
Description du produit
WisdomTree European Natural Gas is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Dutch Title Transfer Facility (TTF) Natural Gas futures contracts. The ETC provides a total return comprised of the daily performance of the BNP Paribas Rolling Futures W0 TZ Index (BNPIW0TZ), plus the interest revenue adjusted to reflect fees and costs associated with the product.For example, if the BNP Paribas Rolling Futures W0 TZ Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the BNP Paribas Rolling Futures W0 TZ Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
Pourquoi TTFW?
- Gain exposure to the performance of Dutch Title Transfer Facility (TTF) Natural Gas.
- 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 Dutch Title Transfer Facility (TTF) Natural Gas.
- 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.
- Currency Risk: The price of securities in this ETP is generally quoted in EUR.To the extent that a security holder purchases securities in another currency, the value will be affected by changes in the exchange rate.
- 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
Nitesh Shah
What’s Hot: Oil prices begin pricing the peace
The expected US-Iran MoU has shifted oil market focus from supply disruption to supply recovery. While reopening the Strait of Hormuz could restore oil flows, uncertainties remain around security, insurance and sanctions relief. Iranian production recovery and the UAE's exit from OPEC could boost supply, while weak Asian demand raises the risk of a significant oil surplus emerging in 2027.
- Commodities
Nitesh Shah
What’s Hot: What falling oil Inventories could mean for energy markets
Global oil inventories are falling at a record pace as the Strait of Hormuz disruption removes around 13 million barrels per day of supply. While headline inventories remain high, usable stocks are being depleted rapidly. As inventories approach operational limits, the market's ability to absorb further shocks diminishes, increasing the risk of a sharp spike in oil prices.
- Commodities
- Broad Commodities
Aneeka Gupta
Beijing Without Breakthroughs: What the Trump–Xi Summit Means for Investors
The Trump–Xi Beijing summit delivered managed stability, not structural change. Technology, critical minerals and Taiwan remain unresolved. For investors, two themes stand out: Western supply chain diversification in strategic metals and rare earths, and durable agricultural commodity exposure driven by food security and climate risk, not diplomacy.
- Broad Commodities
- Commodities
- Equities
- US
Nitesh Shah, Aneeka Gupta
Two Shocks, One Direction: The Case for Agricultural Commodities in 2026
Agricultural commodities are re-rating in 2026 as two converging supply shocks — the Iran war's disruption to fertilizer flows through the Strait of Hormuz and a developing El Niño, compress production across grains, oilseeds, and softs simultaneously. 
- Commodities
Informations clés
| Vue d'ensemble du produit | Au 02/07/2026 |
|---|---|
| ISIN | XS2872233403 |
| Classe d'actifs | Commodities |
| Devise de base | EUR |
| Date de lancement | 10 septembre 2024 |
| Couvert contre le risque de change | Non |
| Facteur de levier | N/D |
| Valeur liquidative | Au 02/07/2026 |
|---|---|
| NAV | 29,582 € |
| Variation quotidienne | 0,830 € |
| Rendement quotidien | 2,885 % |
| AUM total du fonds | 39 984 226 $US |
| AUM de l'émetteur | 3 526 032 940 $US |
| Parts en circulation | 1 181 201 |
Structure
| Structure | Au 02/07/2026 |
|---|---|
| Forme juridique | ETC |
| Structure juridique | ETC |
| Méthode de réplication | Swap entièrement garanti |
| Domiciliation | Irlande |
| Actif physique | Oui (garantie) |
| Informations juridiques et fiscales complémentaires | Au 02/07/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| Éligible UCITS | Yes |
| Statut de reporting UK | Yes |
Prestataires de services clés
| Prestataires de services clés | Au 02/07/2026 |
|---|---|
| Dépositaire | Bank of New York Mellon |
| Administrateur | Apex IFS Limited |
| Émetteur | WisdomTree Multi Asset Issuer PLC |
| Auditeur | Deloitte LLP |
| Fiduciaire | Law Debenture Trust |
| Fournisseur de swap | BNP Paribas Arbitrage SNC |
| Frais | Au 02/07/2026 |
|---|---|
| Management Fee (MER) | 0,49 % |
| Taux de swap annuel | 1,84 % |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| LSE | EUR | TTFW | TTFW LN | TTFW.L | BMYPWT7 | XS2872233403 | A4AH3A | T + 2 | 17/09/2024 | |
| LSE | GBx | EGAS | EGAS LN | WIEGAS.L | BMYPWV9 | XS2872233403 | A4AH3A | T + 2 | 17/09/2024 | |
| Borsa Italiana | EUR | TTFW | TTFW IM | TTFW.MI | BMYQ0P2 | XS2872233403 | A4AH3A | T + 2 | 17/09/2024 | |
| Xetra | EUR | EGAS | EGAS GY | EGASG.DE | BMYQ0Q3 | XS2872233403 | A4AH3A | T + 2 | 17/09/2024 |
Index Details
BNP Paribas Rolling Futures W0 TZ Index
The BNP Paribas Rolling Futures W0 TZ ER Index is designed to reflect an investment in ICE Dutch TTF Natural Gas futures contracts that are continuously rolled on a pre-determined monthly rolling schedule. The index measures excess return performance based on the futures price performance and the roll return. However, the ETC provides a total return performance which also includes the interest revenue on the collateralised amount.
| Index Details | |
|---|---|
| Index Name | BNP Paribas Rolling Futures W0 TZ Index |
| Currency | EUR |
| Bloomberg Ticker | BNPIW0TZ |
Collateral Details
| Collateral Details | 22 May 2026 |
|---|---|
| Collateral Coverage Ratio | 105.3% |
| Collateralised | Yes |
| Over Collateralised | Yes |
| Custodian | Bank of New York Mellon |
Collateral Structure
Documents
Produit
KID
Prospectus
Réglementaire
AVERTISSEMENTS
WisdomTree Multi Asset Issuer PLC (the “Issuer”) issues products under a Prospectus (“WTMA Prospectus”) approved by the Central Bank of Ireland, drawn up in accordance with the Directive 2003/71/EC. The WTMA Prospectus has been passported to various European jurisdictions including the UK, Italy and Germany and is available on this document.