ETF Securities to launch short and leveraged ETCs
ETF Securities will add to its exchange traded commodities platform with the introduction of 33 Short ETCs and 33 Leveraged ETCs.
The company says it is the first time investors have been offered listed access to an entire platform of Short and Leveraged commodity indices via ETCs.
"The Short and Leveraged ETCs will complement ETF Securities' existing 51 Classic and Forward ETCs, which already provide investors long exposure to different parts of the futures curve," the firm said in a statement.
The 66 new ETCs are all priced off indices and sub-indices of the Dow Jones - AIG Commodities IndexSM. As with the existing Classic and Forward ETCs, these new ETCs will comprise 19 individual commodities and 9 sub-indices.
Four new commodities will also be added: cocoa, lead, tin and platinum. With the new ETCs, ETF Securities will have created more than 110 ETCs providing long, short and leveraged exposure to the world's major commodity markets, ETF Securities said.
The new ETCs are expected to be listed on the London Stock Exchange in the next few weeks and will provide investors access to a wide range of investment and trading strategies. Short ETCs will enable investors to gain from falls in commodity prices. Leveraged ETCs will enable investors to gain from rising commodity prices, providing exposure with 50% less capital.