- Business
- WisdomTree Nickel 2x Daily Leveraged (LNIK.L), issued by WisdomTree Commodity Securities Limited, is a fully collateralized exchange-traded commodity (ETC) that provides investors with two times (2x) leveraged daily exposure to the performance of the Bloomberg Nickel Subindex Excess Return, which tracks nickel futures contracts on a total return basis. The product employs synthetic replication through fully funded collateralized swaps with counterparties including Citigroup Global Markets Limited and Merrill Lynch International, backed by a diversified collateral portfolio of government bonds primarily from the United States, Germany, Austria, Finland, and the Netherlands; it features a total expense ratio (TER) of 0.98% p.a., USD base currency, and no physical delivery of nickel. Launched on March 11, 2008, and domiciled in Jersey, the ETC trades on exchanges such as the London Stock Exchange, Borsa Italiana, XETRA, and gettex, targeting sophisticated investors seeking magnified short-term returns from industrial metals commodities without managing storage, insurance, or delivery.
WisdomTree Commodity Securities Limited, the issuer, specializes in a broad range of commodity ETCs and exchange-traded notes (ETNs), encompassing classic, longer-dated, short, leveraged, and micro securities across segments including energy, metals, agriculture, and livestock; these products are listed primarily in Europe and supported by daily creation/redemption mechanisms with authorized participants. The company operates within WisdomTree's global exchange-traded products platform, which pioneered fundamentally weighted ETFs in 2006 and maintains headquarters in New York with European offices in London to serve EMEA markets.
In recent developments, WisdomTree, Inc., the parent entity overseeing the issuer, completed the acquisition of Ceres Partners, LLC, in October 2025, adding approximately $1.85 billion in U.S. farmland assets across 174,000 acres and marking its strategic entry into private markets with opportunities in solar leasing, AI data infrastructure, and water rights. This followed the July 2025 announcement of the deal, which supports WisdomTree's diversification beyond ETPs into accretive alternatives amid record assets under management exceeding $126 billion. No specific product launches, partnerships, or reorganizations directly impacting the Nickel 2x Daily Leveraged ETC were reported in the last 1-2 years, though the issuer continues to manage over 4 billion USD in commodity securities assets as of mid-2025.