Crude Oil ETFs Surge as Geopolitical Conflict Triggers Risk-Off Sentiment
The BetaShares Crude Oil Index ETF (ASX: OOO) rose 55.9% in March. This surge was driven by a surge in crude oil prices following the blockage of the Strait of Hormuz. The movement was part of a broader shift toward defensive and counter-cyclical exposures as conflict in Iran occurred during the month. This volatility triggered risk-off sentiment, lifting equity bear funds. The BetaShares Australian Equities Strong Bear Hedge Fund (ASX: BBOZ) rose 19.33%. The BetaShares US Equities Strong Bear Currency Hedge Complex ETF (ASX: BBUS) rose 12.s3% and the Global X Ultra Short Nasdaq 100 Hedge Fund (ASX: SNAS) rose 11.94%.
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