- Business
- WisdomTree Brent Crude Oil 2x Daily Leveraged (LBRT.L) is an exchange-traded commodity (ETC) issued by WisdomTree Commodity Securities Limited that provides 2x leveraged daily exposure to the Bloomberg Brent Crude Subindex Excess Return, tracking the performance of front-month Brent crude oil futures contracts on a total return basis with collateral yield. The ETC utilizes synthetic replication through fully collateralized swaps backed by diversified sovereign bonds and government securities held with The Bank of New York Mellon, including exposures to U.S., German, Austrian, Dutch, and Finnish debt instruments; it trades on exchanges such as the London Stock Exchange with ISIN JE00BDD9QD91, offers liquidity via authorized participants and market makers, and features a management expense ratio of 0.98%. Formerly known as ETFS 2x Daily Long Brent Crude, the product was formed on January 9, 2012, and is domiciled in Jersey with its registered office at Ordnance House, 31 Pier Road, St Helier.
WisdomTree Commodity Securities Limited serves as the issuer, acting as a special purpose vehicle focused on issuing and listing commodity securities, including classic, longer-dated, short, and leveraged ETPs across energy, metals, agriculture, and other commodities; it operates under the broader WisdomTree group, Europe's largest commodity ETP provider by AUM and product count, with geographic presence spanning EMEA offices in London, Dublin, Milan, and Israel. The company targets sophisticated investors seeking magnified daily returns on commodity futures without physical delivery risks, storage, or insurance management, while limiting losses to the invested amount through its debt security structure.
Recent developments include WisdomTree, Inc.—the parent entity with New York headquarters founded in 1985—completing the acquisition of Ceres Partners, LLC on October 2, 2025, marking its entry into private asset markets via U.S. farmland investments generating over 10% annualized returns since inception and adjacencies in solar, AI data centers, and water rights. In June 2025, BNY was appointed to expand asset servicing for WisdomTree's Irish-domiciled UCITS ETFs, enhancing custody, administration, and securities lending across U.S. and European operations. These moves support WisdomTree's strategic expansion into private markets, model portfolios, and tokenization amid record AUM growth in Q2 2025.