The VanEck Vectors Junior Gold Miners ETF (NYSE: GDXJ) has become too big for its index, resulting in issuer VanEck and index provider MVIS Indices having to expand the coverage of the ETF’s underlying index to avoid breaching regulatory thresholds.
BNP Paribas has launched two new exchange-traded commodities on Deutsche Börse’s Xetra and Frankfurt exchanges, each providing exposure to the performance of Brent crude oil futures contracts. The ETCs offer a means of gaining relatively low-cost and convenient tactical exposure to crude oil, allowing investors to express their views on the market.
BNP Paribas has rolled out eight new exchange-traded commodities on Deutsche Börse’s Xetra and Frankfurt exchanges. The ETCs track indices from the Rogers International Commodity Enhanced Indices family, giving investors access to the performance of industrial and precious metals as well as to the energy sector.
European investors have significantly increased their commodity exposure, with $1.3 billion going into broad commodity ETFs in the first quarter of 2017, according to analysis from European ETF provider Source.
BNP Paribas has launched the BNP Paribas EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC (Xetra: BNQX), an exchange-traded commodity which allows investors to participate in the performance of Brent Crude oil prices while hedging returns relative to the euro.
Source has reported that the Source Physical Gold ETP (LON: SGLD) has recorded over $500m of net new assets year to date (5 April), as the gold price has risen 9% during the same period.
ETF Securities has launched a suite of broad market ETFs on NYSE Arca which are designed to track the popular Bloomberg Commodity Indices, a family of liquid and diversified indices, giving investors exposure to global commodities.
The NewGold ETF has launched on the Nairobi Stock Exchange, becoming Kenya’s first ETF to list in the country.
Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (NYSE: COM) which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The index utilizes a rules-based process to capture trends in 12 diversified commodity markets using a quantitative methodology. Positions in each of the 12 commodities can be either long or flat, based on risk reduction where the allocation of individual components is reduced if volatility exceeds certain predetermined risk levels.
ETF Securities’ Gold ETPs recorded their second-highest inflows of the year during the week beginning 20 March, adding $167 million, according to the firm’s latest ETF weekly flows analysis. The London-based commodity ETF specialist has attributed the surge in demand to expectations of Fed dovishness supporting gold prices further.