iPath Pure Beta Crude Oil ETN
OLEM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Apr 20, 2011
- Similar Companies
- Business
- iPath Pure Beta Crude Oil ETN (OLEM) is an exchange-traded note that provides exposure to a pure-beta investment strategy focused on crude oil futures. Issued by Barclays Bank PLC, the ETN tracks the Barclays iPath Pure Beta Crude Oil Index Total Return, which offers targeted exposure to the West Texas Intermediate (WTI) sweet crude oil futures curve without the negative effects of contango or backwardation through monthly roll adjustments; it employs a time-spread roll strategy across the second and third month futures contracts to optimize roll yield. The product targets investors seeking commodity price exposure in the energy sector, with trading on major U.S. exchanges and global accessibility through Barclays' distribution network. Launched in 2011 and headquartered in London with primary issuance from the U.S., OLEM operates within the broader exchange-traded products market serving institutional and retail investors worldwide. In recent developments, Barclays announced enhancements to its iPath ETN suite in 2024, including potential delisting considerations amid regulatory scrutiny on commodity ETNs and a strategic shift toward sustainable energy-linked products; the firm also completed a funding-linked redemption event in late 2023, reducing outstanding notes while maintaining liquidity for OLEM holders.