Breakwave Tanker Shipping ETF (BWET): Allowing Investment Directly In Shipping Rates

The Breakwave Tanker Shipping ETF (BWET) provides long exposure to the crude oil tanker shipping market. John Kartsonas discusses BWET as it uses its portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil (/CL). He notes that BWET began trading on May 3rd. He talks about how its important to understand what oil flows mean both for the price of oil, but also for everyday life. He highlights the BWET focuses on where the market expects shipping rates to be in the future, so the unique thing about the ETF is that it provides investors access to the market to invest directly in shipping rates. Tune in to find out more about the stock market today.