World’s First Oil Tanker Shipping

Breakwave Advisors in partnership with ETF Managers Group LLC (ETFMG®), announced that the Breakwave Tanker Shipping ETF (NYSE Arca: BWET) will begin trading today on the New York Stock Exchange. BWET is the world’s first ETF designed to provide long exposure to the crude oil tanker shipping market through a portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil. Geopolitical tensions have impacted oil flows and shifted traditional routes. Increasing demand and evolving environmental regulations will continue to impact the cost of transporting crude oil worldwide, creating a unique investment opportunity for the years to come. BWET provides investors with direct exposure to crude oil freight futures by simply trading an ETF. “We are thrilled to introduce such an innovative product to the market, targeting another segment of the shipping industry, namely tankers,” said John Kartsonas, founder and managing partner of Breakwave Advisors, a commodity trading advisor based in New York City specializing in shipping and freight investments. “The tanker market has recently shown its growing importance in energy security as well as the significant returns the sector can generate over the full cycle.”