Print this article
New No Fee Platform From ETF Securities
Rachel Walsh
11 November 2008
ETF Securities, the UK-based firm which has so far specialised in providing exchange-traded products linked to commodities, has broadened its product range to include indices of listed companies with the launch of 13 exchange traded funds that carry no fee until 31 January 2009. The ETF offering provides access to firms operating in sectors such as alternative energy, coal, oil and gas, steel and gold mining. The new ETFs add to the company's’ existing suite of ETCs which provides investors with direct long, short and leveraged exposure to world commodity markets. “The decision to launch equity ETFs on thematic sectors has come largely from our clients who have consistently asked ETF Securities to provide them with more investment opportunities, particularly themes or sectors they are currently unable to access through ETCs,” said Graham Tuckwell, chairman of ETF Securities. These include industry sectors such as water, coal, alternative energy and oil and gas, which are currently not available through ETCs due to the difficulties in getting exposure to the underlying asset. The new ETF offering complements the existing ETC offering. There are times when commodities outperform comparable commodity companies and times when commodity companies will outperform the relevant commodities, depending on market conditions. The ETFs are based on two
Other indexes include: The DAXglobal Alternative Energy Index, the WNA Nuclear Energy Index, the Janney Global Water Index, the S-Network ITG Agriculture Index; the Dow Jones STOXX 600 Basic Resources and the Dow Jones STOXX 600 Oil and Gas and Dow Jones STOXX 600 Utilities indexes. The management of ETF Securities say they were responsible for rolling out the world's first listing of an ETC: Gold Bullion Securities in