New Aluminum ETF Expected Soon
Investors may soon have the ability to invest in aluminum through a new exchange-traded fund. Bloomberg reports that no sponsor has been designated to issue the new ETF and no release date has been decided; however, the expectation is that the new fund would be available for trade as early as next month. The CEO [...]
Aluminum: The Next Physically-Backed Commodity ETF
Glencore International AG and Credit Suisse Group are in discussions to create the first physically-backed aluminum exchange-traded fund. The ETF, which could draw attraction from commodities futures traders, will follow a popular trend among foreign exchange-traded funds. While storing the precious metals of physically-backed exchange-traded funds is expensive, a new breed of traders, specifically those [...]
Commodity Funds Illustrate Inflation Worries
Investors’ appetite for commodities continues to grow as a hedge against government action to repair the ailing economy. Some investors are bracing for an inflation-led recovery by diversifying with the Powershares DB Commodity Index Tracking Fund ETF (DBC: Quote, Profile, Advanced Chart, News). Reuters reports that after rising to nearly $21 per share, DBC options [...]
Copper Rides on the Coattails of Chinese Growth
Copper reached a new three-month high on optimism that China’s new stimulus package and large investments in commodities through its Sovereign Wealth Fund are indicative of a future increase in demand for the metal. The PowerShares DB Base Metals ETF (DBB: Quote, Profile, Advanced Chart, News) surged more than 8% on higher base metal prices, [...]
Barclays Announces Debut of Eleven New ETNs; First Linked to Carbon
The ETF and ETN industry leading NYSE Arca exchange is the platform for eleven new iPath brand ETNs from Barclays Global Investors. Of the eleven new ETNs, most notable is the iPath Global Carbon ETN (GRN). Business Wire explains that GRN is the first ETN to track the global price of carbon and is linked [...]
