WisdomTree Corn 2x Daily Leveraged
LCOR.L
London Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 3rd Floor, 44 Esplanade St Helier Jersey JE4 9WG
- IPO Date
- Mar 11, 2008
- Website
- wisdomtree.eu
- Similar Companies
- Business
- WisdomTree Corn 2x Daily Leveraged (LCOR.L) is a fully collateralised exchange traded commodity (ETC) issued by WisdomTree Commodity Securities Limited, a Jersey-domiciled special purpose vehicle established in 2008 that provides sophisticated investors with 2x leveraged daily exposure to the Bloomberg Corn Subindex Excess Return, which tracks the performance of corn futures contracts continuously rolled on a predetermined schedule; the ETC employs synthetic replication via fully funded collateralised swaps with counterparties including Citigroup Global Markets Limited and Merrill Lynch International, backed by collateral managed by The Bank of New York Mellon and held in segregated accounts primarily in US Treasuries, German Bunds, and other sovereign debt. Products and services encompass leveraged commodity ETCs across agricultural, energy, metals, and other sectors, with LCOR.L featuring a 0.98% management expense ratio, daily rebalancing, no physical delivery, and trading on the London Stock Exchange alongside select European venues like Borsa Italiana and Euronext; it targets short-term traders seeking magnified returns on corn price movements without managing storage, insurance, or delivery logistics, while limiting principal loss to the invested amount. The issuer operates under WisdomTree's broader European platform, Europe's largest commodity ETP provider by assets under management and product count, with global headquarters in New York and key EMEA offices in London and Dublin, serving institutional and retail investors across North America, Europe, the Middle East, and Asia through exchange-listed ETPs focused on commodities, equities, fixed income, currencies, and alternatives. Recent major developments for WisdomTree include the July 2025 announcement and October 2025 completion of the acquisition of Ceres Partners, adding $1.85 billion in US farmland assets to expand into private markets; a November 2025 $2.5 million strategic minority investment in AlphaBeta ETF Ltd. to integrate AI-driven factor-based research into ETF design; preparations for UK retail crypto ETP listings post-FCA ban lift in October 2025; and December 2025 launch of new value-oriented UCITS ETFs, alongside ongoing innovations like tokenization and model portfolio growth targeting 2,820 advisors.