WisdomTree Natural Gas 3x Daily Leveraged
3NGL.L
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- WisdomTree Natural Gas 3x Daily Leveraged (3NGL.L) is a fully collateralised, UCITS-eligible exchange-traded commodity (ETC) issued by WisdomTree Multi Asset Issuer PLC that provides investors with three times (3x) the daily performance of the Solactive Natural Gas Commodity Futures SL Index, plus interest revenue on collateral adjusted for fees and costs; the underlying index tracks the excess return of second front-month NYMEX natural gas futures contracts rolled on a predetermined monthly schedule. The ETC, with ISIN XS2819843900, Bloomberg ticker 3NGL LN, and an annual management fee of 0.99%, trades on exchanges including the London Stock Exchange in USD, offering leveraged exposure to natural gas without requiring investors to manage storage, insurance, or delivery; it is backed by fully collateralised swaps with BNP Paribas Arbitrage SNC as swap provider, collateral held at the Bank of New York Mellon, and features daily rebalancing, intraday restrike at a 20% threshold, and protection mechanisms against intra-day market crashes. Designed for sophisticated investors monitoring positions daily due to compounding effects and magnified volatility risks, the ETC cannot result in losses exceeding the invested amount and supports liquidity through multiple authorised participants and market makers. WisdomTree Multi Asset Issuer PLC, domiciled in Ireland with administration by Apex IFS Limited and trusteeship by Law Debenture Trust, forms part of the WisdomTree group, a global financial innovator founded in 1985 and headquartered in New York that pioneered fundamentally weighted ETFs in 2006 and manages over $137 billion in assets under management as of Q3 2025, with Europe's largest commodity ETP range exceeding 260 products and $41.7 billion in European AUM. The group operates across North America, EMEA (including London, Dublin, Milan, Israel), and South America (Mexico and beyond), delivering differentiated ETFs and ETPs in equities, commodities, fixed income, currencies, and cryptocurrencies targeting financial professionals and investors seeking income, growth, inflation hedging, and diversification. In July 2025, WisdomTree announced its acquisition of Ceres Partners, a premier U.S. farmland investment manager, to expand into private asset markets with scalable platforms blending public and private exposures alongside strengths in ETPs, managed models, and tokenization; this followed record Q2 2025 AUM of $126.1 billion and preceded Q3 2025 results showing $137.2 billion AUM, $2.2 billion net inflows (led by commodities and crypto), and issuance of $475 million convertible senior notes due 2030 concurrent with repurchasing $24 million of 2028 notes. These moves underscore strategic diversification, organic growth at 11% annualized rates, and innovation in real assets amid robust European ETP performance driving higher other revenues.