BNO Profile
BNO
is an exchange-traded fund (ETF) that tracks the price of Brent crude
oil. Specifically, BNO tracks the performance of the ICE Brent Crude
Oil Futures, which represent the price of Brent crude oil on the
Intercontinental Exchange (ICE).
Brent crude oil is a type of
sweet light crude oil that is produced in the North Sea. It is one of
the most widely used benchmarks for pricing crude oil around the
world. BNO is designed to give investors exposure to the price of
Brent crude oil without having to trade oil futures contracts
directly.
The ETF was launched in 2010 and is managed by United
States Commodity Funds LLC. BNO charges an expense ratio of 0.50%,
which is relatively high compared to other ETFs. The ETF's performance
can be affected by a number of factors, including supply and demand,
geopolitical tensions, and economic indicators. Investors who are
bullish on the price of Brent crude oil may consider investing in BNO
to gain exposure to this commodity. It's important to note, however,
that commodity investing is generally considered to be high risk and
is not suitable for all
|
