- Business
- WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Morgan Stanley RADAR ex Agriculture & Livestock Total Return Index. The fund provides diversified UCITS-compliant exposure to commodities in energy, industrial metals, and precious metals sectors, including Brent Crude, WTI Crude, RBOB Gasoline, Gasoil, ULS Diesel, natural gas, aluminum, copper, lead, nickel, zinc, gold, silver, platinum, and palladium; it achieves this through a portfolio of short-term US T-Bills collateralized by unfunded swaps with highly rated counterparties, utilizing optimized roll mechanisms from S&P GSCI Dynamic Roll Indices to maximize implied roll yield and overweight commodities with higher historical long-term roll yield. Launched on October 11, 2021, as part of WisdomTree Issuer ICAV domiciled in Ireland, the ETF lists on the London Stock Exchange with a total expense ratio of 0.35% and annual swap rate of 0.25%; it is accumulating, ISA- and SIPP-eligible in the UK, and managed by Assenagon Asset Management S.A. with custody from The Bank of New York Mellon.
WisdomTree, the issuer's parent and a global financial innovator founded in 2006 with headquarters in New York, pioneered fundamentally weighted ETFs and operates Europe's largest commodity ETP provider by assets under management and product count, with offices across North America, EMEA (London, Dublin, Milan, Israel), and South America. The firm offers over 260 UCITS ETFs and ETPs across asset classes, emphasizing proprietary methodologies for income, growth, inflation hedging, and diversification in hard-to-access areas like commodities.
In recent developments, WisdomTree completed the acquisition of Ceres Partners, LLC on October 2, 2025, marking its entry into private markets with a leading US farmland platform managing nearly $2 billion in assets and delivering net annualized returns over 10% since inception, for $275 million in cash plus a potential $225 million earnout by 2030 based on revenue growth. This strategic move diversifies WisdomTree beyond ETPs into uncorrelated real assets like farmland, solar leasing, AI data infrastructure, and water rights, enhancing long-term growth and operating margins while integrating with its ETP, model-portfolio, and tokenization strategies. The acquisition supports broader expansions, including WisdomTree's ongoing innovations in tokenized real-world assets, stablecoins, WisdomTree Prime digital wallet, and WisdomTree Connect institutional platform.